Influx

The UK governnment will report today on the economic impact of climate change. As a preview, this is one of the early findings from the study conducted by Sir Nick Stern.

Core findings from Stern’s report…

- Climate change could cost the world between 5% and 20% of GDP
- Reducing greenhouse gas emissions and the worst of global warming would cost 1% of GDP
- With no action, each tonne of carbon dioxide we emit will cause at least $85 of damage