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The Economics of Global Warming

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Posted on Oct 29, 2006
global warming
noaanews.noaa.gov

A new report warns that climate change left unchecked would cause the global economy to lose 20% of its value, while acting to address the problem would only cost 1% of global GDP.  Sir Nicholas Stern’s report is the first major attempt to address the economics, as opposed to the science, of global warming.


BBC:

Without action up to 200 million people could become refugees as their homes are hit by drought or flood, he added.

An international plan to tackle climate change is needed to prevent a global recession, the UK review said.

“On the basis of Sir Nicholas Stern’s report, we would be crazy not to take action,” said the BBC Business Editor Robert Peston.

“Stern calculates that not doing anything would be a reduction in the value of the global economy of 20% - we would all be a fifth poorer as a result of climate change - which he says would be as big a shock as we would get from a global war.”

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If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By charlotte, May 3, 2007 at 9:00 am Link to this comment
(Unregistered commenter)

what are the consequerces of global warming
please email back before 5.00pm tonight

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By mite, October 30, 2006 at 2:33 pm Link to this comment
(Unregistered commenter)

Blah-Blah-Blah; no one wants to talk about the facts and reasons for global warming.
The following information is for any dedicated Journalist, scientist, that cares more about the Earth, and family then their income.
Investigative Journalism…I believe that suppresion of the news, for any consideration other than the welfare of society, is indefensible. (Journalist’s Creed- Walter Williams)
H.R.2977IH- 107th Congress 1st session October 2, 2001-`Space Preservation Act of 2001’
`Weather as a Force Multiplier; Owning the Weather in 2025’ August, 1996 presented to Air Force 2025.
Air Force Manual 15-129 June 21, 2004; ` Air and Space Weather Operations- Processes and Procedures.
HAARP- Alaska, U.S Patent # 4,686,605- Method and appararus for altering a region in the earth’s atomosphere, ionosphere, and/or magnetosphere.
If you control the weather you control everything on Earth.

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By Marty Riske, October 30, 2006 at 8:36 am Link to this comment
(Unregistered commenter)

The United States Department of Defense is by far the biggest user of energy on the planet, in 2004 84 tera-watts of electricity and millions of barrels of oil.  Until this makes the press, the claims of global warming will just be claims.  Try as I might, I can’t find mpg of an F-14 in global warming studies:  this is an illustration of the bogus aspect to the claim.  I challenge the BBC to report the pollution and heat generated by a “Daisy Bomb”.

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By Rick, October 30, 2006 at 8:36 am Link to this comment
(Unregistered commenter)

Ah, finally. The global warming issue in a language the government might understand: money.

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By James Belmares, October 29, 2006 at 4:49 pm Link to this comment
(Unregistered commenter)

It seems now is the time to present this evaluation to the United Nations to formulate a plan for the world’s nations to act together to solve this problem.  Thanks, James Belmares

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