Missing Climate Goals Could Cost the World $20 Trillion
Missing Climate Goals Could Cost the World $20 Trillion
Published on May 24, 2018 at 04:00PM
An anonymous reader shares a report: There are trillions of reasons for the world to prevent temperatures from rising more than 1.5C, the aspirational target laid out in the Paris climate agreement, according to a new study. If nations took the necessary actions to meet that goal, rather than the increasingly discussed 2C objective, there's a 60 percent chance it would save the world more than $20 trillion, according to new work published this week in Nature by scientists at Stanford. That figure is far higher than what most experts think it will cost to cut emissions enough to achieve the 1.5C target. Indeed, one study put the price tag in the hundreds of billions of dollars. If temperatures rise by 3C, it will knock out an additional 5 percent of GDP. That's the entire planet's GDP.
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Published on May 24, 2018 at 04:00PM
An anonymous reader shares a report: There are trillions of reasons for the world to prevent temperatures from rising more than 1.5C, the aspirational target laid out in the Paris climate agreement, according to a new study. If nations took the necessary actions to meet that goal, rather than the increasingly discussed 2C objective, there's a 60 percent chance it would save the world more than $20 trillion, according to new work published this week in Nature by scientists at Stanford. That figure is far higher than what most experts think it will cost to cut emissions enough to achieve the 1.5C target. Indeed, one study put the price tag in the hundreds of billions of dollars. If temperatures rise by 3C, it will knock out an additional 5 percent of GDP. That's the entire planet's GDP.
Read more of this story at Slashdot.
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Missing Climate Goals Could Cost the World $20 Trillion
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May 24, 2018
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