Business estimates to comply with the clean air act of 1990 to reduce acid rain put the prospective compliance cost at up to $1,500 per ton. Over the first 10 years the price per ton NEVER went above $200 and the mean and average costs were significantly less*
The laggards in the US Chamber of Commerce have been beating the governmental pavement for years creating a false relationship between GHG and carbon emissions and economic recovery. Cleaning up our act will create more jobs, not less. That’s why all the clean tech jobs are in Europe and China and not here.
* Source: “Green to Gold”, copyright 2006, 2009; by Daniel C. Esty and Andrew S. Winston
Again, proof by the biggest capitalists that sustainability pays big ROI.
Bloomberg just produced its third sustainability report. This is the first one to be made public.
My favorite highlight is that for every $1 spent on sustainability they have seen $2 in savings in operating costs, which goes directly to the bottom line profit.
Bloomberg is reporting using the Global Reporting Initiative standard. I congratulate them on their transparency as a leader in the business community.
According to the website “Sustainability combines corporate citizenship, risk management and strategic opportunity – driving our operating costs down, our revenues up, and influencing wider adoption of sustainable practices across the business community.”
I don’t care what school of business you went to, costs down and revenues up is a good thing.
To see the full report go here: http://www.bloomberg.com/about/sustainability/#report_1
