Fats Limbaugh and other gasbags routinely describe the threat of global warming as "junk science." They try to argue that this is just another velied attack on capitalism. I wonder what they will say about this?
Global Warming Will Devastate World Economy, Report Says
Associated Press
Monday, October 30, 2006; 8:01 AM
LONDON -- Unchecked global warming will devastate the world economy on the scale of the world wars and the Great Depression, a major British report said Monday.
Introducing the report, British Prime Minister Tony Blair said unabated climate change would eventually cost the world between 5 percent and 20 percent of global gross domestic product each year.
The author of the British report, Sir Nicholas Stern, a senior government economist, said that acting now to cut greenhouse gas emissions would cost about 1 percent of global GDP each year.
"The evidence shows that ignoring climate change will eventually damage economic growth," said Stern's 700-page report, an effort to quantify the economic cost of climate change.
Monday, October 30, 2006
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