With global markets in turmoil and recession threatening the United States, some negotiators at a climate change conference are asking: can the world afford to fight global climate change?
The price of retooling industry and lifestyles to slash carbon dioxide emissions blamed for global climate change is expected to be high, but proponents of firm action argue that delay will cost more in the long run by damaging the environment.
"If you start having water supply problems in Peru, Chile and, a little further down the road, India and China, what are the global economic implications of that?" said Alden Meyer, of the Union of Concerned Scientists.
Many also argue that a new climate pact would spur economic growth in areas like clean technology.
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