climate change cost News
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Climate change `will cost Andes US$30bn`
From: Science and Development Network Author: Zoraida Portillo Climate change could cost Andean countries US$30 billion per year by 2025, according to a study. The study was commissioned by the Andean Community of Nations and carried out by the Peruvian University of the Pacific, with the support of specialists from Bolivia, Colombia and Ecuador. The figure represents 4.5 per cent of the ...
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Rampant climate change `will cost the earth`
The world must act now to curb greenhouse gas emissions or face truly enormous costs from global warming in future, including world-wide recession and social upheaval, concludes an eagerly awaited report released by the UK government on Monday. The report was produced by a team of economists led by former World Bank chief economist Nicholas Stern. Its conclusions triggered immediate calls ...
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Counting the cost of climate change
The report, Climate change: the cost of inaction and the cost of adaptation, looks at the economic costs of climate change (impacts) at a European level. These costs are increasingly shaping the climate policy debate but the report highlights the fact that methodological issues and uncertainties remain in cost estimation. Based on a review of existing information, the report also analyses the ...
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Adapting to climate change to cost US$75-100bn a year, says World Bank
The costs of adaptation to climate change in developing countries will be in the order of US$75-100 billion per year for the period 2010 to 2050 according to preliminary findings in a new global study from The World Bank. The Economics of Adaptation to Climate Change (EACC) study, funded by the governments of the Netherlands, Switzerland, and the United Kingdom, is the most in-depth analysis of ...
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Australia to help developing countries join climate change talks
The Rudd Government will provide AUS$1 million to help developing countries take part in climate change talks. Minister for Climate Change and Water, Senator Penny Wong, announced the commitment today. “We are pleased to announce a AUS$1 million contribution to the Trust Fund for Participation in the United Nations Framework Convention on Climate Change,” Senator Wong said. “Developing countries ...
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Be prepared: the UK should act now to adapt to climate change
The independent body that advises government on climate adaptation (the Adaptation Sub-Committee) today published the first national assessment of how well prepared the UK is for climate change. The report concludes that, with the impacts of climate change already being felt in the UK, people must start preparing now. Climate change is already having an impact in the UK. Since the 1970s, average ...
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Call for urgent action on climate change
Urgent action to mitigate climate change makes economic sense, according to a new report which presents a response to critics of the Stern Review. The report also calls for a greater consideration of risk and ethical issues in economic climate change models, as well as political agreement on greenhouse gas (GHG) targets. The landmark Stern Review discussed the effects of climate change on the ...
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Climate change mitigation `far cheaper than inaction`
Tackling the global climate crisis could reap significant economic benefits for both developed and developing countries, according to a new report. The impacts of climate change and a carbon-intensive economy cost the world around US$1.2 trillion a year — 1.6 per cent of the total global GDP (gross domestic product), states 'Climate Vulnerability Monitor: A Guide to the Cold Calculus of A ...
By SciDev.Net
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National Climate Assessment Cements Need for Action on Climate Now
The United States Global Change Research Program today released its draft National Climate Assessment, just days after the U.S. National Oceanic and Atmospheric Administration affirmed that 2012 was the hottest year ever in the continental United States. Daniel Lashof, director of the Natural Resources Defense Council’s Climate and Clean Air Program, made these comments in response to the ...
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Action on climate change also good for business, says Ban
Doing the right thing for the climate is also the smart thing for business, Secretary-General Ban Ki-moon said, as he congratulated the International Chamber of Commerce on its 90th anniversary. In a video message to the anniversary dinner in Kuala Lumpur, Malaysia, Mr. Ban said the group is playing a key role on climate change, which he has previously referred to as “the defining challenge of ...
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Report estimates climate change adaptation costs, impacts to utilities
The National Association of Clean Water Agencies (NACWA) and the Association of the Metropolitan Water Agencies (AMWA) has released a report detailing the impacts climate change can have on wastewater and drinking water utilities and estimating the adaptation costs for these critical facilities to be between $448 billion and $944 billion through 2050. The associations, which represent the ...
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A step forward but still a ban on tackling climate change and accidents
EU countries have finally been given clearance to charge road hauliers for the air pollution and noise costs caused by lorries. But they will not be allowed to charge for the costs of congestion, accidents and climate changing gases. In a further weakening of the proposed directive, governments can exempt lorries under 12 tonnes from charges. Agreement on the long-awaited revision of the 1999 ...
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Incr director mindy lubber issues statement on new mercer report “climate change scenarios – implications for strategic asset allocation”
The following statement was issued today by Mindy S. Lubber, president of Ceres and director of the Investor Network on Climate Risk (INCR), a network of 95 institutional investors across North America managing more than $9 trillion in assets: “Mercer’s report lends credence to a concern that the Investor Network on Climate Risk has been voicing for years. Climate change poses real ...
By 3BL Media
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We need concrete answers to climate change effects
"In order to better understand how climate change might influence infrastructure maintenance and construction, we need to establish an accurate national database on the rate, and factors involved in, the deterioration of concrete infrastructure," says the report’s lead author, CSIRO Climate Adaptation Flagship's Dr Xiaoming Wang. "Failure to consider the effects of climate change may ...
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Climate business leaders wanted
While politics and a lot of companies are losing precious time in climate protection, every user can now play the online-game CEO2 launched by financial service provider Allianz and WWF (World Wide Fund For Nature). One can slip into the role of a CEO and show which business strategies work out to reduce carbon, reduce risks and increase the long-term profitability. The aim of the game is to ...
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Finding finance for climate change adaptation
Additional funding mechanisms are required to finance adaptation to climate change in developing countries, according to a new study. The study predicts how relationships between costs associated with adapting to and mitigating against climate change, and costs associated with damages caused by climate change, will progress over the next century. Even if policy measures designed to mitigate ...
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Linking air quality and climate change can be cost-effective
If the effects of air pollution on climate change are included in air quality strategies, efficiency gains of €2.5 billion can be achieved in the EU, according to recent research. Various greenhouse gas (GHG) emissions and pollutants both affect the climate and air quality, yet climate change and air pollution are often treated separately in environmental policy. Air pollutants are regulated ...
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“Climate change mitigation doesn`t cost the earth”: IPCC author Edenhofer
The Intergovernmental Panel on Climate Change (IPCC) completed its Fifth Assessment Report on Sunday in Copenhagen. Ottmar Edenhofer, Co-Chair of the IPCC Working Group III ‘Mitigation of Climate Change’, and one of the authors of the now released Synthesis Report, points to the contrast between the potentially irreversible impacts of unmitigated climate change and the manageable ...
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Cost of tackling climate change should be shared more fairly, says OECD Secretary-General
Most of the action to address climate change will need to take place in developing countries, but developed countries should shoulder much of the cost, said OECD Secretary-General Angel Gurría today in a speech at the United Nations Climate Conference in Bali. 'We must find a way to share the burden of the costs of climate change action that takes into account the level of economic development ...
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UN Climate Change Conference Day One: World Climate Summit
Day One: World Climate Summit - Finance, skills and the changing paradigm of leadership. The first of a series of insights from Jeff Beyer, the Carbon Trust, at the UN climate negotiations in Doha. I walked past fleets of sparkling new aircraft on the sun-blanched airstrip at Doha International Airport, and saw in the hazy distance a skyline that scarcely existed when the first UNFCCC ...
By Carbon Trust
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