climate change cost News
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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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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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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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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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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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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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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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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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Climate change and health costs of air emissions from biofuels and gasoline
The report’s erroneous finding that modern corn ethanol actually increases greenhouse gas (GHG) emissions relative to gasoline is completely predicated on the baseless assumption that additional corn demand for increased ethanol production will cause conversion of large amounts of grassland enrolled in the Conservation Reserve Program (CRP). Thus, like several other highly controversial studies ...
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New greenhouse emissions reporting system starts in Australia
From July 1st, businesses emitting large amounts of greenhouse gases are required to monitor and measure the emissions ahead of reporting them to the Government by October next year. Minister for Climate Change and Water, Senator Penny Wong, said the requirements were part of Australia’s new National Greenhouse and Energy Reporting System. “The National Greenhouse and Energy Reporting System ...
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Silence on climate change is deafening
The recent silence on climate change in the U.S. political discourse is extremely troubling. As we can see from the recent spate of extreme weather events, the costs of inaction are clear in terms of both environmental and economic impacts. If we are going to meet the challenge of the global climate threat, we need to have a real, rational discussion about climate change. Having that discussion ...
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Climate change threats outlined for Vietnam and SE Asia
Vietnam's position as one of the countries most vulnerable to the impacts of climate change has been confirmed in a report launched by the Asian Development Bank. It predicts that by the end of the century rice production will decline dramatically and rising sea levels could submerge tens of thousands of hectares of cropland, forcing thousands of families in coastal areas to relocate. More than ...
By SciDev.Net
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Ghana and Vietnam scenarios foreshadow how decisions on climate adaptation are made
Scenario exercises look at the how and why of decision-making for climate change. From private corporations to the military, a host of institutions use scenario exercises as a way to prepare for different possible futures. Given the many risks and uncertainties associated with rising global temperatures – from extreme weather events to changing seasons, to long term sea level rise – ...
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Discussions on negotiating texts on pact to combat global warming kick off – UN
Delegates from 182 nations are gathering in Bonn, Germany, today to initiate discussions on negotiating texts which could form the basis of an ambitious United Nations-backed climate change deal, to slash greenhouse gas emissions, expected to be clinched in December. The two-week Bonn talks, the second round of UN climate change talks this year, are expected to draw over 4,000 participants, ...
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European Commission proposes to revise the regulation on ozone-depleting substance
The European Commission recently presented a proposal to revise the current legislation on the protection of the ozone layer. The revision is intended to simplify the current legislation and reflect the progress made in phasing out ozone-depleting substances in the European Union, to allow the EU to continue leading the global battle to protect and restore the ozone layer. Despite the good ...
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