Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, October 31, 2012

Battling Climate Change is Far Cheaper than Inaction

Battling Climate Change is Far Cheaper than Inaction

Tackling the global climate crisis could reap significant economic benefits for both developed and developing countries, according to a new report.The impacts of climate change and a carbon-intensive economy cost the world around US$1.2 trillion a year — 1.6 per cent of the total global GDP (gross domestic product), states 'Climate Vulnerability Monitor: A Guide to the Cold Calculus of A Hot Planet'.For this reason, "adapting to climate change is very likely a cost-effective investment in almost all cases and should be central to any climate…Read more...http://oilprice.com/The-Environment/Global-Warming/Battling-Climate-Change-is-Far-Cheaper-than-Inaction.html

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