Feeds

Stern outlines moral duty to tackle climate change

Foresees shrunken global economy

Business security measures using SSL

The Stern Review, a government-commissioned report on climate change, is set to warn that unchecked global warming could shrink the world economy by as much as 20 per cent, or £3.68 trillion.

Sir Nicholas Stern, former chief economist of the World Bank, says one per cent of that sum must be spent, now, to combat climate change and cut global carbon emissions.

Gordon Brown is expected to respond to the report by championing more emissions trading, and by employing old mate and ex-US vice president Al Gore as an adviser on green issues.

Tony Blair, meanwhile, has taken steps to alert the public by setting out the main points of the report in The Sun.

Brown will propose that the EU commit to targets of a 30 per cent reduction in carbon emissions by 2020, and a 60 per cent reduction by 2050. He wants to see the embryonic European carbon trading scheme extended and linked to other markets, such as California.

However, the Stern Report identifies the US and China as key to halting climate change. Without getting two of the most polluting economies on board, carbon cuts in the UK will be swamped by increases elsewhere.

Stern paints a bleak picture. He warns that the "catastrophic climate change" for which we are heading will create hundreds of millions of refugees. One hundred million could be displaced by rising sea levels alone.

As many as 40 per cent of species could go extinct, and up to one in six people will face severe water shortages as a result of melting glaciers.

To tackle the economic crisis he foresees, Stern asks the international community to agree on a successor to Kyoto next year, rather than waiting till 2011 as originally planned. He describes it as our "moral duty" to reduce emissions, as failure to do so will hit the poorest nations of Africa first, and hardest.

The Stern Review is the first assessment of the likely impact of climate change produced by an economist, rather than from within the mainstream academic community. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.