Climate Ark News Archive

Non-profit climate news links and archive of materials no longer on web provided on these terms to help find solutions and for posterity

Disclaimer & Conditions for Use | Share on Facebook |

Risks of global warming greater than financial crisis: Stern

Source:  Copyright 2008, Reuters
Date:  October 27, 2008
Byline:  James Pomfret
Original URL: Status ONLINE


The risks of inaction over climate change far outweigh the turmoil of the global financial crisis, a leading climate change expert said on Monday, while calling for new fiscal spending tailored to low carbon growth.

"The risk consequences of ignoring climate change will be very much bigger than the consequences of ignoring risks in the financial system," said Nicholas Stern, a former British Treasury economist, who released a seminal report in 2006 that said inaction on emissions blamed for global warming could cause economic pain equal to the Great Depression.

"That's a very important lesson, tackle risk early," Stern told a climate and carbon conference in Hong Kong.

As countries around the world move from deploying monetary and financial stabilization measures, to boosting fiscal spending to mend real economies, Stern said the opportunity was there to bring about a new, greener, carbon-reducing world order.

"The lesson that we ...

Continue to Read Full Article at Source



Related News

29/5/2011 - Worst ever carbon emissions leave climate on the brink, Guardian

11/11/2009 - Climate Rage, Rollingstone

8/9/2009 - Growing climate related disasters in Africa justify Meles Zenawi's threats, Afrik.com

13/12/2008 - Slow Progress in Poznan While Climate Threats Mount, Environment News Service

12/12/2008 - Good planets are hard to find, CNN

30/11/2008 - UN global warming talks weighed down by financial crisis, Deutsche Presse-Agenture

29/11/2008 - UN: financial crisis a burden on climate change, Associated Press

23/11/2008 - What climate change? Meltdown trumps fears at APEC, Associated Press


More related news



Climate Ark users agree to the site disclaimer as a condition for use.