Cost of tackling climate change increasing
A leading expert has said the price of addressing the issue of climate change has now doubled.
The Guardian reports Lord Stern, author of a 2006 report into the issue, said the pace of alterations to the environment meant emissions must be cut faster.
The paper says his latest estimates show the UK must splash around two per cent of its GDP to keep greenhouses gasses below dangerous levels -equivalent to £28 billion.
Quoted by the paper, the Department for Environment said: "Even at the upper range of the estimates, the cost of avoiding dangerous climate change is much lower than even the most conservative estimates of inaction."
The department also said the UK "cannot afford" inaction on climate change.
Lord Stern's 2006 study warned carbon emissions have already risen global temperatures and said the world would probably get even hotter during the next 50 years if nothing is done.
Article Date: 27 June 2008
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