| Stopping Climate Change Would Cost Consumers Pennies Per Day, Concludes UK Report - You've heard it before: politicians say they'd love to take action against climate change, but they're reeling from the sticker shock. Today, a new report from the UK's leading climate change watchdog refutes the oft-cited argument that climate action will herald economic Armageddon.
The Committee on Climate Change report, with the hairy-sounding title "Statutory Advice on Inclusion of International Aviation and Shipping," says that in 2050, the UK's emissions reductions across the whole economy will cost 1-2 percent of the total GDP. This updates, in greater detail, the range predicted half a decade ago by the watershed Stern Review. Just how much is that? For a rough comparison, one percent of the UK's 2011 GDP is a little more than what the country currently spends on public housing and community... |
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At motherjones.com
At motherjones.com
