sourceThis week comes news of a 700-page document delivered by Sir Nicholas Stern, a former chief economist of the World Bank, to the British government on the costs of climate change. In a nutshell, he writes that if we donât forgo 1 percent of global income now in order to control pollution, future generations will lose 20 percent of global income.
Itâs a serious alert from an acknowledged expert whoâs not given to sensationalism. In a radio interview with the BBC, Stern explained a bit of his methodology. He used scientistsâ predictions of the number of extra extreme weather events due to global warming, and also the general changes in temperature, and added up the known economic costs of those occurrences.
Wednesday, November 01, 2006
A Stern warning about warming
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