How Stern report will affect the world economy?

Discussion in 'Politics & Religion' started by OddTrader, Oct 30, 2006.

  1. It clearly can be a multi trillion dollars project, if implemented.

    The question is how and what it will impact the world economy, particularly the currecnies.

    Q
    "Fix global warming now, or pay later"
    http://www.theaustralian.news.com.au/story/0,20867,20673944-601,00.html

    Acting now to cut carbon emissions would cost 1per cent of global GDP a year, about $500billion, he found. By doing nothing, the costs at the time would be a minimum of 5 per cent of GDP a year, and as high as 20 per cent a year.

    UQ

    "Stern review final report (pdf)"
    http://www.hm-treasury.gov.uk/indep...nomics_climate_change/stern_review_report.cfm