Britain Warns of High Costs
of Global Warming
By HEATHER TIMMONS
It said the costs related to climate change, if it is allowed to continue unmitigated, could devour as much as 20 percent of the world’s gross domestic product. “The consequences for our planet are literally disastrous,” Prime Minister Tony Blair said in a speech on the report, one of the most comprehensive attempts to predict the economic impact of global warming.
“This disaster is not set to happen in some science-fiction future, many years ahead, but in our lifetime,” he said. “What is more, unless we act now, not some time distant but now, these consequences, disastrous as they are, will be irreversible.” On the other hand, success in slowing carbon emissions could bring great savings to the world economy, possibly in the range of $2.5 trillion a year, the report estimated. This emphasis seems aimed at the few industrial nations, including the
President Bush has called
The presence at the news conference on Monday of Mr. Blair and the chancellor of the exchequer, Gordon Brown, who hopes to succeed him, reinforced the impression that the governing Labor Party was committed to acting on the challenge.
The 700-page report was compiled by Sir Nicholas Stern, chief of the government economic service and former chief economist of the World Bank. It evaluated a body of scientific studies of global warming from an economic perspective. If the sources of greenhouse gases continue unchecked, average temperatures could rise by 2 to 3 degrees Celsius in the next 50 years, the report says. That could leave one-sixth of the world’s population facing floods or droughts and reduce crop production in
To be continue in other article...
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Re-publish by Jacob Paradox from link (www.nytimes.com)
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