Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Cost of Iraq War equal to that of fixing climate change?

President Bush’s recent speech addressing climate change was met with derision internationally. One of his excuses for a go-slow approach is the estimated cost of converting the US economy to a low-carbon diet. Such fiscal cautiousness is of course one of Bush’s most erratic virtues, consistently absent when it comes to tax cuts and the spiraling cost of the war on Iraq. Yet in the wake of Bush’s non-action, an eye opening new report draws a stark link between something he’s happy to pay for (the war) and another he says is too expensive (the carbon problem): they’re about equal.

The analysis by Price of Oil, a left leaning non-profit, points out that “total US spending on the Iraq war could cover all of the global investments in renewable power generation that are needed between now and 2030 in order to halt current warming trends.” Further, the operations of the war — from transporting troops and goods, releases from munitions, to the high CO2 emissions released to make concrete to rebuild bombed-out buildings -– are enormous in their own right, equal in size to the annual output about an eighth all US vehicles. If totted up along side national emissions, war-related emissions would fall between New Zealand and Cuba. “The war each year emits more than 60% of all countries on the planet.” Find out more here,

What do you think is the best way to use these funds?

blog comments powered by Disqus