PORT OF SPAIN — The true cost of fighting climate change will top 300 billion dollars and developed countries may balk at footing the bill, Guyana's Prime Minister Bharrat Jagdeo said Saturday.
Leading economists have calculated that “the cost of action and mitigation would be about one percent of the global economy,” he told journalists. “This is one percent of the GDP of a 30-trillion-dollar global economy,” he estimated.
Phi Beta Iota: ClimateGate merely confirms the growing body of evidence that there is a Global Warming Rip-Off Network in place, and that world leaders who are so avid for a world government solution to climate change are either dishonest or stupid–since most are not stupid, dishonest is what we have left. We support the need for redirecting funds from war to peace, and for addressing all ten high-level threats to humanity as identified by the UN High-Level Panel in their report, A More Secure World–Our Shared Responsibility–Report of the Secretary-General’s High-level Panel on Threats, Challenges and Change, in the priority order they establish, and as a whole–all together in an integrated fasion. Our favorite book in this arena, a holistic book, remains High Noon 20 Global Problems, 20 Years to Solve Them.