The Stern Review
Today sees the publication of the Stern Review's final report; the Stern Review on the Economics of Climate Change.
Commissioned by the UK government, the Stern Review is an independent report to the Prime Minister and the Chancellor of the Exchequer on the effects of Climate Change on Economics. The full report is available in PDF from HM Treasury website with hard copies available to purchase from December 2006.
The most important message from the report is in its summary:
There is still time to avoid the worst impacts of climate change, if we take strong action now.
And what are those impacts detailed in the report?
Well basically, Sir Nicholas Stern's report indicates that continued pollution from carbon emmissions resulting in rising temperatures & rising sea levels will affect the most poor countries of the world, in turn being the potential cause of mass economic and environmental migration. In short, if climate change goes unchecked it could result in the world economy taking a dip by 20%, leading to a global recession.
The good news is that if the leaders of the world take strong and positive action now then it may only take 1% of GDP to arrest the negative trend in climate change. Green options for renewable energy do exist and it really is time to do something about climate change before it's too late.