Climate Change ‘Brings Huge Cost’
Listening to: Public Service Announcement (Interlude) - Jay-Z
The BBC World story on the Stern Report… fix it now and fix it for a bargain price:
Climate change could cut global growth by a fifth, costing up to £3.68 trillion in total, unless drastic action is taken, a review is to warn.
But taking action now would cost just 1% of global gross domestic product, economist Sir Nicholas Stern says.
…
However the review says failure to act early could end up costing between 5% and 20% of global GDP and render large parts of the planet uninhabitable with poor nations hit first and hardest.
