Green Guide

Tackling global warming to cost 1.6% of global GDP

melting glaciers
Tackling global climate change by cutting greenhouse gas emissions will cost 1.6% of the global GDP, according to an UN Development Program report published on Tuesday. The report tilted ‘The Struggle Against Climate Change’ urged richer countries to cut their greenhouse gas emissions by at least 80% by 2050, with the target for 2020 being 30% reduction of total greenhouse gas emissions.

The cruelest fact about climate change is that the poor countries that are less responsible for greenhouse gas emissions are the ones that will bear the brunt of global climate change. A rise in three degrees Celsius in global temperature will bring drought, tropical storms and rise in sea level that will hit the economies of developing countries the hardest. In poor countries, there will be deterioration in agricultural production, decline in health and education services and less access to market.

Between now and 2030 the average annual cost of combating global climate change will cost about 1.6% of global GDP. This is not an insignificant investment, according to the report. It is less than two-thirds of global military spending. The cost of inaction will be detrimental in the long run.

Source:AFP
Image:lcv

Dr Prem Jagyasi

Dr Prem is an award winning strategic leader, renowned author, publisher and highly acclaimed global speaker. Aside from publishing a bevy of life improvement guides, Dr Prem runs a network of 50 niche websites that attracts millions of readers across the globe. Thus far, Dr Prem has traveled to more than 40 countries, addressed numerous international conferences and offered his expert training and consultancy services to more than 150 international organizations. He also owns and leads a web services and technology business, supervised and managed by his eminent team. Dr Prem further takes great delight in travel photography.

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