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The Stern Report: "Global warming will cost 5 to 20% of the Gross Global Product

Miercuri, 13 iunie 2007, 0:00

Dimitri Zengelis

The Stern report, one of the most complex analysis on global warming and its impact on economy, was presented on Wednesday in Bucharest by one of its authors. Dimitri Zengelis, economy counselor of the UK government, introduced some of the data in the report coordinated by Nicholas Stern, one of the main themes being the impact of global warming on the global economy.

Zengelis warned that any attempt to present accurate data about the global warming must cause suspicions, since maximum accuracy is impossible in this field.

At the same time, Zengelis warned, the voices claiming that the global warming is a natural phenomenon must be listened to with the same suspicion.

The Stern report indicates that the current rate of polluting gas growth will cause problems to both the nature and the economy.

The most important aspects are to be seen in agriculture, Zengelis showed. The climate changes will affect the quality of life everywhere in the world, the food production will decrease and the general health will suffer.

The report shows that, unless firm and fast actions aren't taken soon, the global warming will cost some 5% of the annual gross global product. Meanwhile, acting against pollution would only cost 1% per year.

According to the report, the countries most affected by the global warming will be the poor countries. The cost of global warming is already being felt in the US, where the most severe draught since 1930 is already installed.

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