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News item: Risks of global warming greater than financial crisis-Stern

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0 comments   Add a comment   Contributor:  TheTeam (Oct-28-2008)    Play a Video
Optimism: 2 Categories: Economic/Financial, Global Warming, Wildlife and Nature

Earth is ill and needs attentionBy James Pomfret for Reuters

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 stabilisation 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.

See original news item: Reuters.com, Oct-27-2008  
Related PlanetThoughts.org reading:
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  Just Say 'No' to Henry Paulson. Do Wolves Prote... (Sep-23-2008)
  Political Will, Political Won't: How We Can Succ... (Sep-4-2008)

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About contributor Member: TheTeam (PlanetThoughts Team) TheTeam (PlanetThoughts Team)

Member: TheTeam (PlanetThoughts Team) The volunteers of PlanetThoughts.org are happy to give you their best selection of news, opinion, reviews, stories, quotes, tips, and more. We hope you enjoy the reading... and thinking. Thanks!

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