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Does Going Green Mean the Loss of Green?
(Note: companies that
could be impacted by the content of this article are listed at the base of the
story [desktop version]. This article uses third-party references to provide a
bullish, bearish, and balanced point of view; sources are listed after the
Balanced section.)
Last week, the United Nations held a summit of government, business, and civil leaders to announce steps to confront climate change. The summit’s stated goal was to increase the standards set in the Paris Agreement to contain global temperatures to a 1.5-degree Celsius increase, a level seen as by the U.N. as the point where irreparable damage will be done to the environment. Few people remain who question the impact man is having on climate change or the impact climate change is having on the environment. A fairer argument would be that addressing climate change must be viewed alongside any potential impact on global economic growth. But which will cost more: taking the steps to mitigate climate change or paying the consequences of not mitigating change?