10/30/2006 11:59:00 PM (1)
The UK governnment will report today on the economic impact of climate change. As a preview, this is one of the early findings from the study conducted by Sir Nick Stern.

Forecast Change in C02 by Country

Core findings from Stern's report...

- Climate change could cost the world between 5% and 20% of GDP
- Reducing greenhouse gas emissions and the worst of global warming would cost 1% of GDP
- With no action, each tonne of carbon dioxide we emit will cause at least $85 of damage
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Comments
Philosophy
Of course, the philosophical question is do we draw the line now that we know? After all, there weren't a lot of environmental impact reports for America's industrial revolution for 100-120 years ... or why there are denuded areas in Europe but after burning up and using all their lumber, it triggered a worldwide search for more resources ... which some people automatically decry but really - how else does progress move forward?
Posted by jbelkin on 10/30/2006 09:54 PM
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