If you only read one thing this week…

British government report on climate crisis – “prevention now will cost 1% of GDP, cure later more like 20%”. by ifyouonlyreadonethingthisweek
October 30, 2006, 8:50 pm
Filed under: Environment, If you only have 15 mins

Sir Nicholas Stern, Head of the Government Economics Service and Adviser to the Government on the economics of climate change and development, published perhaps the most significant report on climate change in years this week.

Read the report here, or the BBC summary here. In essence, the report takes 700 pages to say “(the effects of) global warming could shrink the global economy by 20% … but taking action now would cost just 1% of global gross domestic product.” Tony Blair said the Stern Review showed that scientific evidence of global warming was “overwhelming” and its consequences “disastrous”.

For those who can’t get enough, the UK’s Tear Fund publishing a report predicting millions of refugees in the developing world as a result of climate caused disruption of agriculture and livelihood, and for those of us still confused, the BBC carries an interesting primer on carbon trading.


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