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Posted Thu Jun 26 2008: from Guardian (UK):
Cost of tackling global climate change has doubled, warns Stern
The author of an influential British government report arguing the world needed to spend just 1 percent of its wealth tackling climate change has warned that the cost of averting disaster has now doubled. Lord Stern of Brentford made headlines in 2006 with a report that said countries needed to spend 1 percent of their GDP to stop greenhouse gases rising to dangerous levels. Failure to do this would lead to damage costing much more, the report warned - at least 5 percent and perhaps more than 20 percent of global GDP.
[Read more stories about: economic myopia, climate impacts]

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The ApocaDocs say:
Gee -- that's expensive. Maybe we should just hope that all those scientists are wrong.
Hope is so much cheaper.

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