A new report released in Britain warns that climate change will be devastating to the world economy if we don't do something about it:
The report warns unless the world moves to cut green house gases it is heading for a "catastrophic climate change" which would create the worst global recession ever seen.
....The review says failure to act early could end up costing between 5% and 20% of global GDP and render large parts of the planet uninhabitable with poor nations hit first and hardest.
Africa is likely to be most harmed by climate change and Sir Nicholas [Stern] says we have a "moral duty" to cut emissions.
Not only is the U.K. getting real, real serious about the very real threat of Global Warming but they have even engaged Al Gore to help the get the word out. According to Monday's Guardian newspaper: Al Gore has become an adviser to the U.K. on global warming.
Britain is to send the author of today's landmark review on global warming to try to win American hearts and minds to the urgent cause of cutting carbon emissions - as it emerged yesterday that the government has already signed up former US vice-president Al Gore to advise on the environment.
Sir Nicholas Stern, who this morning publishes an authoritative report on climate change warning that inaction could cause a worldwide recession as damaging as the Depression of the 1930s, will lobby politicians and business people in America at the turn of the year.
The government hopes the review will gain traction in the US because it focuses on the economic case for change. Sir Nicholas's analysis warns that doing nothing about climate change will cost the global economy between 5% and 20% of GDP, while reducing emissions now would cost 1%, equivalent to £184bn.