Scientists: Global Warming Will Only Cost About 1% Of World Economy

moneyGlobal warming will cost about $1.9 trillion, or 1 percent of the world economy, by 2030, according to a new report published Tuesday and sponsored by the United Nations.

This sum is considerably less than the minimum scientific estimates of the $12.1 trillion it would cost to meet the U.N.’s goal of limiting global warming to 1.5 degrees Celsius by 2030. The cost of meeting the U.N. goal would likely rise as high as $16.5 trillion when energy efficiency measures are included.

Much of the damage would occur in India and China, which would both experience economic losses of about $458 billion. Other countries among the worst affected would include Indonesia, Malaysia and Thailand.

Many scientists believe the U.N.’s global warming goal of limiting temperature rises to 1.5 degrees Celsius is both politically motivated and not scientifically plausible. Previously, the U.N. defined a temperature increase of 2 degrees Celsius as the threshold of “dangerous global warming,” and stated a lower target was unfeasible and  “naive.”

The Obama administration’s plans to fight global warming would incur enormous costs to hardly reduce rising temperatures.

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  • Avatar

    Al Shelton


    It matters NOT what the percentage is. There is absolutely NO scientific empirical proof, that controlling CO2 levels will control climate.
    AGW is a total fraud. [and most of the Alarmists know it].
    Tell whatever lies you can to get to their NWO. [New World Order]

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    Simon Ruszczak


    “What, so let climate change happen,……. and then there’d be no economy anyway, and we’d all be dead ( or living at the poles ) “, would be a typical response by a believer in dangerous AGW. (sarc)

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    Scary global warming propaganda is the gun in a massive $$Trillion dollar robbery . Or as bankers like to call it an “opportunity ” in the context of other “opportunities” like the
    SUB- PRIME caper .

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