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Anorak | Climate Change Ain’t Gonna Be As Bad As They Say

Climate Change Ain’t Gonna Be As Bad As They Say

by | 28th, March 2014

THERE are three important questions about climate change: is it happening, is it us causing it and how bad is it going to be? It’s the answers to those three that determine what, if anything, we should try to do about it. My answers to those three have been yes, yes, and maybe not as bad as people think for some time now. It appears that I might even have been right as well :

It puts the overall cost at less than 2% of GDP for a 2.5 degrees Centigrade (or 4.5 degrees Fahrenheit) temperature increase during this century. This is vastly less than the much heralded prediction of Lord Stern, who said climate change would cost 5%-20% of world GDP in his influential 2006 report for the British government.

That is a rather large change, isn’t it? And we need to also put that into context against what Stern said we should be spending now. Which is that we should

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Posted: 28th, March 2014 | In: News Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink