climate change cost News

  • 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 ...

  • Predicting the costs of climate change

    Some economic projections say that greenhouse gas limits will cause economic pain, while others predict economic gain. Why the big difference? It depends on the assumptions you choose–and now you can choose your own. Even the policy wonks are having trouble keeping track of the myriad studies on economic impacts of climate change legislation. Two weeks ago, the National Association of ...

  • 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 for ...

  • Bangladesh Uncovers the Crippling Cost of Climate Change Adaptation

    With a population of 140 million, Bangladesh is one of the world's most populated countries in the world. It is also one of the most vulnerable to the impacts of climate change. Cyclones, floods and droughts have long been part of the country's history but they have intensified in recent years. As a result of the long exposure to these hazards, Bangladesh is a world leader in adaptation ...

  • Costs of adapting to climate change significantly under-estimated

    Scientists led by a former co-chair of the Intergovernmental Panel on Climate Change warn that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts. The real costs of adaptation are likely to be 2-3 times greater than estimates made by the UN Framework Convention on Climate Change (UNFCCC), say Professor Martin ...


    By GLOBE Foundation

  • Money Men Tally Cost of Climate Change

    Climate change is likely to exact enormous costs on U.S. regional economies in the form of lost property, reduced industrial output and more deaths, according to a report backed by a trio of men with vast business experience. The report, released Tuesday, is designed to convince businesses to factor in the cost of climate change in their long-term decisions and to push for reductions in ...


    By Associated Press

  • Climate change - the high costs of doing nothing!

    Most people agree that global warming is going cost us dearly. And under the old maxim that an once of prevention is worth a pound of cure - most people also agree that doing nothing about climate change will cost us more in the long run. Putting an exact price tag on inaction is a complicated process, but one that must be undertaken in order to prioritize mitigation or adaptive measures to cope ...


    By GLOBE Foundation

  • 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 ...

  • Uncovering the Costs of Climate Mitigation

    Original story at MIT news. Policies to curb greenhouse gas emissions will come at a cost to energy producers, industry and consumers. Policymakers around the globe are working to determine the most effective and cost efficient way to reduce these emissions — from renewable energy subsidies and ...

  • News story: Tackling climate change doesn’t cost the earth

    The Government has a duty to help keep bills down – and that’s what we’ve been doing. There’s a lot of help available to the most vulnerable, such as cold weather payments and the Warm Homes Discount. But my Department has been concentrating on keeping bills as low as possible over the long-term - and for everyone. Some people think climate change policies on things like wind farms ...

  • Bloomberg braces big apple for mounting costs of climate change

    Mayor Michael Bloomberg today unveiled an ambitious vision for protecting New York against growing risks associated with climate change. A statement follows from Peter Lehner, Executive Director of the Natural Resources Defense Council: “This is an expansive blueprint for fortifying New York against the irrepressible threat of rising sea level. We look forward to studying ...

  • New report highlights weaknesses in government’s cost-benefit analysis of climate change

    “Social Cost of Carbon” report shows how current models do not accurately measure real harm from climate change A new report on the “social cost of carbon” identifies significant ...

  • The cost of inaction – Recognizing the value at risk from climate change

    A report from the Economist Intelligence Unit (EIU) warns that the asset management industry, and the wider community of investors of all sizes, is facing the prospect of significant losses from the effects of climate change. Assets can be directly damaged by floods, droughts and severe storms, but portfolios can also be harmed indirectly, through weaker growth and lower asset returns. Crucially, ...


    By GLOBE Foundation

  • 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 ...

  • “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 ...

  • Economic benefits from climate change mitigation far outweigh the costs

    Countries will benefit economically from almost all of the actions needed to limit global warming to no more than 2°C above pre-industrial levels, according to a new report. The paper ...


    By GLOBE Foundation

  • New UN-backed reports warns of costs of inaction on climate change

    Government leaders must take urgent action to ensure that weather-related hazards, which are becoming more intense and frequent due to climate change, do not lead to a corresponding rise in disasters, a new United Nations-backed report released on Friday said. The new study identified India, Pakistan, Afghanistan and Indonesia as being among global warming’s “hotspots,” or countries particularly ...


    By United Nations

  • 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 ...

  • Canada’s climate change plans

    Although a national climate change strategy for Canada is still being developed, every province and territory has initiated plans of their own to reduce greenhouse gas emissions. This article summarizes the stated climate change policies of Canada’s top 5 greenhouse gas emitting provinces, and offers a comment on the implications of these initiatives for an eventual National Climate Change ...


    By GLOBE Foundation

  • Climate changes your business

    Six major industry sectors are in particular danger from climate change risks, claims professional services organization KPMG. Aviation, healthcare, tourism, transport, oil and gas and the financial services sector all feature in the "danger zone" in a report on climate change risks from KPMG - meaning that they score highly on the risks which face them yet score poorly in terms of their ...


    By GLOBE Foundation

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