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5 December 2013 11:26 am ,
Vol. 342 ,
An animal rights group known as the Nonhuman Rights Project filed lawsuits in three New York courts this week in an...
Researchers have been hot on the trail of the elusive Denisovans, a type of ancient human known only by their DNA and...
Thousands of scientists in the Russian Academy of Sciences (RAS) are about to lose their jobs as a result of the...
Dyslexia, a learning disability that hinders reading, hasn't been associated with deficits in vision, hearing, or...
Exotic, elusive, and dangerous, snakes have fascinated humankind for millennia. They can be hard to find, yet their...
Researchers have sequenced and analyzed the first two snake genomes, which represent two evolutionary extremes. The...
Snake venoms are remarkably complex mixtures that can stun or kill prey within minutes. But more and more researchers...
At age 30, Dutch biologist Freek Vonk has built up a respectable career as a snake scientist. But in his home country,...
- 5 December 2013 11:26 am , Vol. 342 , #6163
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Warming World, Cooling Profits
30 October 2006 (All day)
Climate change could send the global economy into a serious recession, according to a report released today by United Kingdom chief economist Nicholas Stern. The study also makes recommendations on ways to slow and potentially stop further climate change.
Most studies on the effects of global warming have predicted that the detrimental effects on the world's economy will be minimal to modest. Those forecasting a more radical impact assume that changes in weather patterns will wreak havoc on fishing and farming and will displace millions of people via hurricanes, droughts, floods, and other extreme weather events. Yet even these studies don't go far enough, according to Stern's report. Part of the problem, he and colleagues note, is that previous economic studies underestimated the rise in global temperatures caused by climate change. Using a more accurate estimate, the group predicts that climate change could slash the global gross domestic product by 5% to 20%.
On the positive side, countries could reduce this loss to 1% by investing in more environmentally friendly technologies, according to the report. Toward that end, Stern's team calls for an integrated international approach to tackling global warming. But it also reminds rich nations that they have to bear the brunt of the economic investment, especially those in Europe and North America that are responsible for 70% of all carbon dioxide emissions to date.
"The study establishes some very useful common ground," says Richard Richels, director of global climate change research at the Electric Power Research Institute, a nonprofit based in Palo Alto, California. "There are a lot of things in the report that people from different parts of the political spectrum already agree upon."