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Cutting cities' emissions does have economic benefits – and these ultimately outweigh the costs

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The politics of climate change in Australia has always been about the costs of change. It’s often debated in terms of we can’t afford or can afford to pay for the changes needed to our power, transport and building systems. However, the benefits can also be calculated and in general can be shown to outweigh the costs in the long term. We can also very easily see the short-term economic benefits in our cities.

 

These benefits can be factored in to our calculations by carefully enabling the new economy to emerge as old power stations, buildings, transport infrastructure and vehicles are replaced. The big change involves deciding no more coal, gas or oil-based systems will be built as replacements for ageing infrastructure systems in our cities. We can do this now that new energy systems are (...)

 

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