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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