Tackling Global Warming Cheaper Than Ignoring It

Coryoth writes, "In a report commissioned by the UK government, respected economist Sir Nicholas Stern concludes that mitigating global warming could cost around 1% of global GDP if spent immediately, but ignoring the problem could cost between 5% and 20% of global GDP. The 700-page study represents the first major report on climate change from an economist rather than a scientist. The report calls for the introduction of green taxes and carbon trading schemes as soon as possible, and calls on the international community to sign a new pact on greenhouse emissions by next year rather than in 2010/11. At the very least the UK government is taking the report seriously; both major parties are proposing new green taxes. Stern points out, however, that any action will only be effective if truly global."

Comments

Re:Let's get one thing straight first

[Ferretman]

Let's also note that since global warming hasn't been remotely proven to any true scientists' satisfaction, one possible option is "spend nothing because there's nothing to spend it on".

Ferretman