Forum: Be mindful of increased costs associated with climate change policies

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Note how going green in not cheap....

For the rich, the "feel good" factor from being environmentally friendly and the health benefits will outweigh these cost concerns.

But for the less fortunate, going green may hurt their pockets. Compounded by the ongoing recession, social inequality is likely to rise if we continue to use existing approaches such as carbon taxes to tackle climate change.

Although targets for carbon emission and energy efficiency are needed, we should ensure that the targets do not come with an increased cost of living.

One way is to offer green products and services, possibly through incentive programmes or subsidies, at a competitive price on a par with their petrochemical counterparts.

Relate to ethical consumerism....

See the rebuttal to this article at: Forum: Go green, even if it costs more