Saturday, June 9, 2007

To fight climate change grow by 0.1 per cent less

Is it my maths or his? Terry McCrann of The Australian thinks the cost of 0.1 per cent of GDP until 2050 to cut emissions by 50% is way too much to bear.Now the cost, the very real cost of cutting emissions, tends to be airily dismissed as minor. So it might knock 0.1 per cent off our growth rate, perhaps even 0.2 per cent. But you'd hardly notice.[...]Aggressive emission cuts had been modelled

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