Battling Climate Change is Far Cheaper than Inaction

Battling Climate Change is Far Cheaper than Inaction

by scidev@oilprice.com (SciDev SciDev)

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