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The economics of global warming
Responding to the impact of climate change is a global issue requires a new level of global cooperation between all nations. The economic impact will be considerable – affecting global carbon trading, global food supplies, the potential reduction of consumer demand, new technologies replacing existing technologies regarding construction, transport and renewable energies, among many other potential impacts. The UK Government commissioned Sir Nicholas Stern to assess the economic impacts of climate change; he commented: “Climate change demands an international response, based on a shared understanding of long-term goals and agreement on frameworks for action.”
A realistic response will include an acknowledgment that world economies must no longer assume continued economic growth as their foundational basis, but rather to base planning around carbon trading or carbon taxes. Present responses are hampered by short term politics rather than realistic long-term vision.
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Useful links
Wikipedia The Stern Review 2006
Christian Aid reports Some hard hitting reports regarding the human impact of climate change
Guardian Europe will need to prepare for a flood of climate change migrants
FAO UN Food and Agriculture Organisation’s 2007 analysis of global food exports
Sustainable Development Commission $100 a barrel of oil: impacts on the sustainability of UK’s food supply (pdf)
Dept of Trade and Industry Energy White Paper; Our energy future – creating a low carbon economy (pdf)
WWF 80% Challenge; Delivering a low-carbon UK – joint report by WWF, IPPR and RSPB (pdf)