Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

Economists On Climate Change: Do We care?



By Gerard Wynn
26 September 2006 @ 09:12 am ET

Related Topic

Get stories by e-mail on this topic.

  • economists-climate-global-warming | RSS
E-mail:

On the costs of policies, the concern is of over-optimistic assumptions about the update of new clean energy technologies, with recent oil price hikes, for example, spurring less adoption impact than some had expected.

The annual costs of tackling climate change escalate rapidly the tougher the action.

Reilly estimates the cost of staying within a 3 degrees temperature rise at 2 percent of global GDP in 2100, but at some 8 to 10 percent of GDP to stay under 2 degrees - or some $25 trillion in 2100 money - seen as a danger threshold.

Mendelsohn estimated that the top end of possible temperature rises, nearly 6 degrees, would cost up to 2 percent of GDP in 2100.

Britain's Stern will present his findings to ministers in Mexico next week, a month before countries start talks - expected to last years - on a successor to take the Kyoto protocol beyond 2012.

Copyright 2009 Thomson Reuters. All rights reserved.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Politics & Policy
President Dmitry Medvedev scolded leaders of Russia's ruling party on Saturday for "bad political habits" and ordered them to win future elections fairly...
Iran will begin large-scale air defense war games on Sunday to help protect its nuclear facilities against any attack, a senior commander said.
At least 31 miners were killed and 78 remain trapped 500 meters (yards) underground following a gas blast at a mine in China, state media said on Saturda...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives