UC Berkeley Report Says Global Warming Could Put $2.5 Trillion of California Real Estate at Risk

Andrew Williams — Fri, 14 Nov 2008 15:51:22 +0000

A new report says that global warming could cost the Californian economy billions of dollars each year, through a combination of rising sea levels, and the increased frequency of wild fires and extreme weather events.

The comprehensive study (PDF), published by researcher’s at UC Berkeley, also claims that $2.5 trillion of Californian real estate assets are at risk. The clear message, says co-author Prof. David Roland-Holst, is the strong economic case for timely action to slash carbon emissions and adapt to the already unavoidable effects of climate change.

“Our report makes clear the most expensive thing we can do about climate change is nothing,” he said. “As we learned in New Orleans, turning your back on the threat of natural disaster doesn’t make it go away.”

For Ecopreneurs, How Minding Your Own (Green) Business Preserves More Green

John Ivanko — Thu, 10 Jul 2008 00:53:01 +0000

There are many financial benefits of becoming a business, depending on how you structure it. Not only are businesses taxed after their expenses have been deducted, but many legitimate deductions are available to a small business that reduce its reported earnings.

The IRS tax code specifies the following related to business expenses:

IRS Code Section 162(a),Trade or business expenses:
“There shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business.”

IRS Code Section 212, Expenses for production of income:
“In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year.”

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UC Berkeley Report Says Global Warming Could Put $2.5 Trillion of California Real Estate at Risk

For Ecopreneurs, How Minding Your Own (Green) Business Preserves More Green