Why green cars matter: Climate change could cost $8 trillion by 2030

Why does widespread adoption of "green" vehicles matter? Well, according to a report released by consultancy group Mercer, along with the World Bank's International Finance Corporation, climate change will significantly impact the transportation, construction, and manufacturing industries over the course of the next 20 years. In fact, the report states that damages caused by climate change could cost over $8 trillion by 2030. We know that "green" vehicles won't curb climate change by themselves, but they are a step in the right direction.

The report asserts that global warming is partly responsible for weather events like the series of catastrophic floods that hit Queensland this past December. It's crises such as epic floods that cause roads to buckle, bridge joints to be stressed and railroad tracks to be deformed. Repairing this type of carnage costs a substantial amount of money and it's estimated that 60,000 miles of highways are at risk of damage from changes in the climate.

The report concludes by asserting that investments in organizations that focus on combating climate change (i.e. renewable energy companies) is risky, but ultimately a true necessity.

[Source: Fast Company | Image: gothicnexus – C.C. License 2.0]

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