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Scientists Find Net Present Value of Climate Change Impacts of $1240 TRILLION on Current Emissions Path, Making Mitigation to Under 450 ppm a Must

10 September, 2009 - 00:59

[The authors of this study framed their results incorrectly, I think, causing many in the media to miscover or ignore the story.]

Scientists led by a former co-chair of the Intergovernmental Panel on Climate Change [warn] that the UN negotiations aimed at tackling climate change are based on substantial underestimates of what it will cost to adapt to its impacts.

The real costs of adaptation are likely to be 2-3 times greater than estimates made by the UN Framework Convention on Climate Change (UNFCCC), say Professor Martin Parry and colleagues in a new report published by the International Institute for Environment and Development [IIED].

And as the IIED reported, the study Assessing the costs of adaptation to climate change: a review of the UNFCCC and other recent estimates concludes costs will be even more when the[...]

[Published in NonProfitBlogs - Read the original article]