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$7-trillion warning on global warming

ALAN FREEMAN

 

Globe and Mail Update

 

Global climate change will cost the world economy as much as

$7-trillion in lost output and could force as many as 200 million

people out of their homes because of flood or drought unless drastic

action is taken by governments worldwide, a report to the British

government says.

 

Prepared by Sir Nicholas Stern, the World Bank's former chief

economist, the report is not due out officially until Monday, but

publication of its highlights during the weekend has already created

shock waves. Commissioned by Britain's Chancellor of the Exchequer,

Gordon Brown, it is considered significant because it is the first such

contribution to the international debate on global climate change that

comes not from a scientist but an eminent economist. But it is sure to

spark criticism from climate-change skeptics. A group of nine British

economists, including former British cabinet minister Nigel Lawson

earlier described the Stern study as " a misdirected exercise. "

 

In the 700-page report, Sir Nicholas warns of the cost of uncontrolled

climate change caused by soaring greenhouse gas emissions.

 

" 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, "

Sir Nicholas writes.

 

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Hyesteria, pure and simple.....read the two founding documents...

Even if you buy the fear-mongering, Harper's plan is vastly superior...

 

" ...it is the first such contribution to the international debate...

This eco- fear mongering from the environmental zealots is worse...

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Canada signed up to the Kyoto agreement and agreed to reduced

greenhouse gas emissions by 6 per cent below its 1990 levels between

2008 and 2012. Instead, those emissions are up considerably and the

Conservative government has conceded it won't come close to meeting

those commitments.

 

The report suggests that 1 per cent of global domestic product be spent

immediately on dealing with climate change, to avoid higher costs

later. Failure to act would lead to a drop of 5 to 20 per cent of

global GDP and make large swaths of the Earth's surface uninhabitable.

 

Even if the pace of growth of emissions did not rise beyond current

levels, the level of gases in the atmosphere would double preindustrial

levels by 2050 to 550 parts per million. And based on current trends,

average global temperatures will rise by two to three degrees Celsius

within the next half century compared with where they were prior to

1850.

 

It also warns that the developing world will be hit first and hardest

and that the richer countries have a responsibility to help them adapt.

 

Sir Nicholas argues that spending money now on measures to reduce

greenhouse-gas emissions will pay for themselves many times over.

 

But he concludes that even with this spending, the world cannot escape

all the damaging consequences of climate change.

 

 

 

As nightfall does not come at once, neither does oppression. In both instances,

there's a twilight where everything remains seemingly unchanged, and it is in

such twilight that we must be aware of change in the air, however slight, lest

we become unwitting victims of the darkness.

William O. Douglas

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