Posted on 10/28/2006 6:01:23 PM PDT by Pokey78
Britons face the prospect of a welter of new green taxes to tackle climate change, as the most authoritative report on global warming warns it will cost the world up to £3.68 trillion unless it is tackled within a decade.
The review by Sir Nicholas Stern, commissioned by the Chancellor of the Exchequer and published tomorrow, marks a crucial point in the debate by underlining how failure to act would trigger a catastrophic global recession. Unchecked climate change would turn 200 million people into refugees, the largest migration in modern history, as their homes succumbed to drought or flood.
Stern also warns that a successor to the Kyoto agreement on cutting greenhouse gas emissions should be signed next year, not by 2010/11 as planned. He forecasts that the world needs to spend 1 per cent of global GDP - equivalent to about £184bn - dealing with climate change now, or face a bill between five and 20 times higher for damage caused by letting it continue. Unchecked climate change could thus cost as much as £566 for every man, woman and child now on the planet - roughly 6.5 billion people.
(Excerpt) Read more at observer.guardian.co.uk ...
More unfettered affluvia from across the pond.
Charge it to the Sun's bank account.
It's responsible for the warming.
Somebody's gonna get that money so it might as well be me. I guess air conditioning and life rafts will be where most of it goes. I'm quitting to sell these starting Monday.
Alright, lets all switch to tricycles. Al, you first.
Step right up folks and pony up. One way or another, we'll get you!
As usual, overestimates abound. Why, nuclear winter can be had for a song - a cure for what heats you if there ever was one! In fact, it is a race between NK and Iran as to who gets to deliver first. As they say on the launch pad, "in work." Of course, simply wait until the sun enters its cooling cycle and the global warming generators will look positively prescient.
No, not air-conditioners. The freon! Bad. We'll all be going without air-conditioners.
I am all for every country except the US signing this. After they have all come into compliance (ditch the exemption for China and India), then we can discuss it.
As it stands now, there are three classes of nations.
1) China and India are exempted so will face no cost at all.
2) Europeans and their pals will sign it and ignore it with impunity as they have done to date.
3) The US, should we be foolish enough to become a part of this clown parade. The US will have all the rest of the world and our very own liberals demanding full compliance with every measure immediately, bashing American business, and forcing America into a recession. All for something that may well be useless in the first place.
Kyoto has more to do with slowing the US economy than it does with anything else.
£3.68 trillion? And what, 1£ = 0.5 Eyetalian lira? That would make it about $167? (Please do correct my arithmetic, if you can.) We can live with that.
$9.72 trillion. That's the cost of implementing Kyoto, and that doesn't count the costs of deaths from starvation and disease brought on by those policies.
Oh, and Kyoto won't make anything better, since man isn't causing global warming, but if you believe in the bogus numbers of this report you have to add them on top of the $9.72 trillion cost of Kyoto.
A more intellectualy honest report would have been the cost of implimenting all the false eco-programs that yeild little benefit and do NOTHING for their global warming religion.
There, all fixed now.
Oh yeah?! Well, well, then climate change is going to cost 100 million billion trillion quadillion sextillion dollars.
Fund our research!!
There are measures far cheaper than 1 Tr. that would cool the earth far beyond man's alleged contribution to warmings. One is dumping iron in the ocean so it absorbs co2
I can turn lead into gold overnight too 8) Im just certain of that ...we need this sruff ya know
If I were you, I'd invest in Colorado property about 2000' up. In ten years, you'll be able to say you own Rocky Mountain Island beach-front.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.