Climate Bankruptcy August 21, 2012 : 4:42 PM

A great post at Climate Progress comparing the climate crisis with the financial crisis:

“Just as unsustainable debts and freewheeling lending practices reduced the resilience of personal and national financial systems, so our mounting climate debt is warming the earth and reducing the resilience of our food, water and social systems. Much like an overdrawn bank account, we are rapidly depleting the carbon storehouses of our forests, and the deposits of coal and fossil fuels underground. By releasing all this carbon dioxide into the air, we are tipping the atmosphere’s balance sheets into the red — too much carbon in the atmosphere for our forests and oceans to absorb it all. The more CO2 we pump into the atmosphere, the further in debt we go, and the more sacrifice we’ll need to make to balance our carbon budget in the future.”