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Stern: greatly underestimated costs in climate change report?

Saturday, November 4, 2006

The Stern Review of the Economics of Climate Change put the cost of keeping emissions at 550 parts per million at one percent of global GDP

A leaked draft report, by the UN Intergovernmental Panel on Climate Change (IPCC), due to be published next year, estimates this cost could be between one and five percent of global GDP.

The Stern Review put the costs of not acting to resist climate change could be between 5 and 20 percent GDP.

It is reported that UK Ministers are to travel to India and America to promote the Stern Review. Their task will not be eased by the leaked IPCC report which is now said to be available freely on the internet.

Following the Stern Review, Chancellor Gordon Brown urged the member states of the European Union Emissions Trading Scheme to tighten their targets even further.

Sources

  Learn more about Climate change and Attribution of recent climate change on Wikipedia.
 

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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