The Economic Cost of Climate Change
The Stern Review on the economic cost of climate change estimates that inaction will be equivalent to losing 5% of global GDP each year (over 20% if wider effects are considered), far outstripping the cost of mitigation.
Mitigating the worst impacts of climate change requires substantial investment
The World Bank 2011 Review
The economic cost of climate change is estimated to be between US.5 – US Trillion per annum. With the benefit of the latest scientific reports these estimates now appear very conservative.
Individuals will pay
Ultimately every individual will pay for this “substantial investment*”. The cost of a low carbon world will pass down the supply chain to the consumer in the form of higher prices that reflect the true cost of production.
The smart investors will look to benefit from the inevitable economic incentives that will become available.
There will be winners and there will be losers.