And the slower it's stopped the more expensive it will be? What reasons do you have?
2007-06-02 19:22:01 · 15 answers · asked by Stan S 1 in Environment ➔ Global Warming
You're not the only one. When you look at the figures it makes sense to act now rather than later.
Sir Nicolas Stern, the former cheif economist of the World Bank, was commissioned by the UK Government to produce a report into the economic consequences of climate change. It is probably the most authorative document on the subject, here are the key findings...
● Extreme weather could reduce global gross domestic product (GDP) by up to 1%
● A two to three degrees Celsius rise in temperatures could reduce global economic output by 3%
● If temperatures rise by five degrees Celsius, up to 10% of global output could be lost. The poorest countries would lose more than 10% of their output
● In the worst case scenario global consumption per head would fall 20%
● To stabilise at manageable levels, emissions would need to stabilise in the next 20 years and fall between 1% and 3% after that. This would cost 1% of GDP
The executive summary is available here (pdf file) http://news.bbc.co.uk/1/shared/bsp/hi/pdfs/30_10_06_exec_sum.pdf
A similar report concludes that climate change is already costing 1% of GDP and if nothing is done then the cost will rise to 7% in 50 years time.
Putting a dollar value on this then we're talking about current annual costs of $600 billion rising to over $4 trillion in 50 years time. The US component of this is currently $120 billion a year rising to $800 billion in 50 years.
Several schemes have been suggested for combating climate change on a global scale and even the most expensive and ambitious of them begin to look like a sound financial investment when compared to potential losses. Some schemes are discussed on this BBC website http://news.bbc.co.uk/2/hi/programmes/6298507.stm and included in a BBC documentary available on Google Video - http://video.google.com/videoplay?docid=286000425078890061
It seems to me to make sound economic sense to invest a few billion now rather than face costs running into the trillions in years to come.
2007-06-02 22:53:01 · answer #1 · answered by Trevor 7 · 0⤊ 0⤋
It can't be stopped. Even if everyone in the world stopped using fossil fuels tommorow, there would still be 200 years of climate change in store for us. All we can do is slow it down and hope that it becomes slow enough for life on Earth to adapt to the changes.
2007-06-02 20:34:52 · answer #2 · answered by Neysa 2 · 0⤊ 0⤋
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2016-12-18 12:16:47 · answer #3 · answered by slagle 4 · 0⤊ 0⤋
no. if we stop climate change now then it won't be a expensive than in 100 years.
2007-06-03 04:13:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No your not alone. There are many like you that have fallen victim to the Al Gore theory. My reason? It isn't real. What is happening is a natural occurrence.
2007-06-03 10:43:18 · answer #5 · answered by doctdon 7 · 0⤊ 0⤋
What makes you think we can stop it? Why do you think that all of these environmentalists are so sure it's our fault that things are heating up, when none of them were here taking measurements 10000 years ago?
If it isn't anything we are doing that is causing it, then there is nothing we can do about it, and the disaster that they are so sure of is coming, can't be stopped, and they will have nothing to complain about.
Don't assume to know anything just because some "expert" says it.
2007-06-02 19:35:42 · answer #6 · answered by NoLifeSigns 4 · 0⤊ 2⤋
If we stopped everything right now that contributes to global warming it would be total chaos. I think that would be extremely expensive. We should slowly work our way into it.
2007-06-02 20:27:36 · answer #7 · answered by Itchy Bob 2 · 0⤊ 0⤋
Interesting point, what is the interest rate on climate change?
2007-06-02 20:08:22 · answer #8 · answered by cropdownunder 2 · 0⤊ 0⤋
While your managing the climate, can you extend summer and shorten winter, that would be great! Oh wait, that's already happening.....
Never mind.
2007-06-02 20:56:27 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Nope. I agree with you as well though the only reason I can give for my belief on this is common sense.
2007-06-02 20:56:34 · answer #10 · answered by Anonymous · 0⤊ 0⤋