The Stern Review
The final version of the Stern Review on the Economics of Climate Change was released yesterday. It is a 700 pages long mammoth, so dont believe anyone that says that they actually have read it just yet, perhaps save Stern himself ...
Both Barroso and Blair now are tooting that the last arguments for inaction on climate change now at last have been blown out of the sky!
Let us see if this report actually will turn into action. The EU commission already had started on a plan for making EU more energy efficient and more environmentally friendly on all fronts. Lets see what the deny-climate-change-fundamentalist in the white house will to say about this.
Some of the highlights (from the First Post - see link below):
* The physical and human geography of the planet will be profoundly affected: 300 million people could become refugees as their homes succumb to drought or flood. Poorer countries will be among the worst affected.
* The world's economic growth will be cut by 20 per cent or more. Each tonne of carbon dioxide that we emit now is causing damage valued at $85 or more.
* The cost of action to reduce greenhouse gas emissions to avoid the worst impacts of climate change can be limited to around one per cent of global GDP each year.
* Reducing emissions will make us better off. The long-term benefits of shifing the world onto a low-carbon path could be in the order of $2.5tr each year.
* Barriers to energy efficiency must be removed. People must be educated about what they can do to respond to climate change.
More in the media:
* Eupolitix.com
* BBC gives the highlights - they are not easy to find in the 700 pages long report ...
* The Fist Post
* Grist Mill
* EurActiv