According to a new study published by the Global Development and Environment Institute of Tufts University (PDF), waiting to act on global warming will cost trillions by the end of century. In fact, according to their analysis, even leaving out such catostrophic possibilities as a shut down of the Gulf Stream, or accounting for species loss, the costs to individuals, companies and governments of mitigation and crisis reponse could be as much as 22 trillion dollars per year by 2100. This would represent as much as 8 percent of global GDP at that time.
Critics of action to avert global warming always conclude their argument with the idea that it would be too costly, that it would "wreck the economy." This study demonstrates that inaction now will more costly later. Wasn't there an old advertisement that said "Pay me now, or pay me later."
By the way, according to a report on this study, on the same day it was released, James Smith, the Chairman of Shell Oil, was quoted as saying, "For business, tackling climate change is both a necessity and a huge opportunity. We have to step up to the challenge."
Written by fatih al-farahat in
Waiting to Act on Global Warming Will Cost More
Links Global Warming
Popular Posts
-
This paper can be reviewed in full through the link. Of particular interest, the scholars prepared their paper on the petroglyphs without b...
-
Trapping carbon dioxide or switching to nuclear power not enough to solve global warming problem, experts say ScienceDaily , July 13, 2009 —...
-
It has been possible in the USA for money to emasculate any regulatory regime. That should bother you. The information coming out of the ...
-
Earth's most prominent rainfall feature creeping northward ScienceDaily , July 1, 2009 — The rain band near the equator that determines...
-
by Andy Coghlan, NewScientist Environment , 20 August 2008 FEELING blue about climate change? Don't despair. Psychologists say they can ...
-
These articles are posted in cryptomundo and include a large number of illustrations that will be well worth perusing once the text has been...
-
Readers, be sure an update your link to the graph of the annual tornado statistics. NOAA appears to be changing things around, perhaps even...
-
The bee story continues with the UK now doing acomplete review of the neonicotinoid situation. It is reminiscent of the foot-dragging tha...
-
Climate change is a hoax...or is IT! By Drew Sheneman/The Star-Ledger December 08, 2009, 11:24AM View f...
-
Journal of Climate , Vol. 20, Issue 21 (Nov. 2007) 5391-5400 , DOI: 10.1175/2007JCLI1764.1 The Role of Poleward-Intensifying ...
Blog Archive
-
►
2010
(3220)
- December (224)
- November (402)
- October (532)
- September (548)
- August (403)
- July (399)
- June (196)
- May (96)
- April (96)
- March (86)
- February (101)
- January (137)
-
►
2009
(1837)
- December (344)
- November (203)
- October (160)
- September (172)
- August (125)
- July (195)
- June (131)
- May (69)
- April (73)
- March (90)
- February (150)
- January (125)
-
►
2008
(535)
- December (57)
- November (16)
- October (79)
- September (39)
- August (69)
- July (67)
- June (38)
- May (43)
- April (53)
- March (42)
- February (14)
- January (18)
Feedjit
this blog learn to you all people in the world to keep our earth
Powered by Blogger.
Post a Comment