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Stern Review
From "Stern Review" on the Economics of Climate Change.
Its main conclusions are that one percent of global gross domestic product (GDP) per annum is required to be invested in order to avoid the worst effects of climate change, and that failure to do so could risk global GDP being up to twenty percent lower than it otherwise might be. SternBG(Bs report suggests that climate change threatens to be the greatest and widest-ranging market failure ever seen, and it provides prescriptions including environmental taxes to minimize the economic and social disruptions. He states, "our actions over the coming few decades could create risks of major disruption to economic and social activity, later in this century and in the next, on a scale similar to those associated with the great wars and the economic depression of the first half of the 20th century."
: From Wikipedia http://en.wikipedia.org/wiki/Stern_Review
January 20, 2008 9:50 AM by bluedragon(Singapore / Malaysia)
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