When the combined cost of coal and oil extraction equals America's annual budget deficit, how do we account for the cost of prevention? Amy Larkin discusses the "environmental debt" - the coming "centerpiece of our financial troubles."
"Would you rather federal, state and local governments spend our money on preventing extreme weather in the future or on recovering from extreme weather?...Would you rather pay more for electricity, gas and mass transit infrastructure today or try to recover and rebuild from ever more extreme droughts, hurricanes and wildfires in the future?"
Interested in the fine accounting behind environmental costs to society, Amy Larkin says her questions are not rhetorical.
A 2011 Harvard University study found that the real annual costs of coal and oil extraction and combustion combined are nearly equivalent to the U.S.'s annual budget deficit of $1.1 trillion. These costs include "externalities," collateral costs paid by governments, businesses, families and healthcare providers.
Taking heed of environmental costs, global financial accounting organizations are incorporating Whole Lifecycle Analysis in their reports.
FULL STORY: Let's talk about environmental debt
The City of Broken Sidewalks
Can Los Angeles fix 4,000 miles of broken sidewalks before the city hosts the 2028 Olympic Games?
Shifts in Shopping: Transforming Malls Into Parks
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To Build More Housing, Cities Must Be Smarter in How They Use Land
How strategic land use policy decisions can alleviate the housing crisis and limit unsustainable sprawl.
Parking Reform Can Boost Homebuilding 40 to 70 Percent
More evidence that parking flexibility is key to housing abundance.
California Adds Complete Streets to Transportation Funding Guidelines
The state transportation commission previously declined to include bike and pedestrian infrastructure in its updated funding guidelines, despite a new state law requiring Complete Streets efforts in all Caltrans projects.
Omaha Streetcar Yielding $1.5 Billion in TIF Funds
The line, scheduled for completion in 2027, is bringing billions in new investment to the city’s urban core.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Prescott
Alamo Area Metropolitan Planning Organization
Village of Glen Ellyn
HUDs Office of Policy Development and Research
CORP - COnsulting Research Projects
City of Cambridge, Maryland
Newport County Development Council: Connect Greater Newport
Rockdale County Board of Commissioners