STOPPING CLIMATE CHANGE IS MUCH CHEAPER THAN YOU THINK
By James West
April 5, 2012
You've heard it before: Politicians say they'd love to take action against climate change, but they're reeling from the sticker shock. Today, a new report from the United Kingdom's leading climate change watchdog refutes the oft-cited argument that climate action will herald economic Armageddon.
The Committee on Climate Change (CCC) report, with the hairy-sounding title "Statutory Advice on Inclusion of International Aviation and Shipping," says that in 2050, the UK's emissions reductions across the whole economy will cost 1 to 2 percent of the total GDP. This updates, in greater detail, the range predicted half a decade ago by the watershed Stern Review.