A Quote by Nicholas Stern
Failing to curb the impact of climate change could damage the global economy on the scale of the Great Depression or the world wars by spawning environmental devastation that could cost 5 to 20 percent of the world's annual gross domestic product.
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Today, you have 20 percent of the world controlling 80 percent of the Gross Domestic Product; you've got a $30 trillion (US) world economy, and $24 trillion of it is in the developed countries... These inequities can't exist. So if you are talking about systemic breakdown, I think you have to look in terms of social breakdown.
By 2030, up to 10 percent of the world's gross domestic product could be linked to space in some way.
First, climate change is the greatest long-term threat faced by humanity. It could cause more human and financial suffering than the two world wars and the great depression put together. All countries will be affected, but the poorest countries will be hit hardest. Secondly, the costs of inaction far outweigh the costs of action.
Climate change is a result of the greatest market failure the world has seen...We risk damages on a scale larger than the two world wars of the last century.
Many scales of climate change are in fact natural, from the slow tectonic scale, to the fast changes embedded within glacial and interglacial times, to the even more dramatic changes that characterize a switch from glacial to interglacial. So why worry about global warming, which is just one more scale of climate change? The problem is that global warming is essentially off the scale of normal in two ways: the rate at which this climate change is taking place, and how different the "new" climate is compared to what came before.
Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.
To be clear, climate change is a true 800 pound gorilla in the room. The effects of global warming threaten global environmental upheaval over the coming century. But for South Florida and the Everglades, it could be our death knell if urgent action is not taken.
World military spending has now risen to over $1.2 trillion. This incredible sum represents 2.5 per cent of GDP (global gross domestic product). Even if 1 per cent of it were redirected towards development, the world would be much closer to achieving the Millennium Development Goals.
Between 2001 and 2011, Brazil lifted 20 million people out of poverty and into its growing middle class, and in the last quarter of the twentieth century Botswana's gross domestic product per capita grew faster than that of any other country on the planet. The once-labeled 'Third World' is edging its way into the 'First World.'
The political establishment has brought about the destruction of our factories, and our jobs, as they flee to Mexico, China and other countries all around the world. Our just-announced job numbers are anemic. Our gross domestic product, or GDP, is barely above 1 percent. And going down. Workers in the United States are making less than they were almost 20 years ago, and yet they are working harder.
Ethiopia has a robust response, designing development policies with a view to mitigating the impact of climate change. I am proud to say that in the fifth edition of the Global Green Economy Index released in September 2016, Ethiopia is ranked 14 globally in terms of climate change performance.
Climate Change is a national security issue. We found that climate instability will lead to instability in geopolitics and impact American military operations around the world. People are saying they want to be perfectly convinced about climate science projections. But speaking as a soldier, we never have 100 percent certainty. If you wait until you have 100 percent certainty, something bad is going to happen on the battlefield.
Ninety-nine percent of everyday things are things we don't need - that goes for regular visits to the hairdresser just as it does for clothing. What would it mean if we all consumed 20 percent less? It would be catastrophic. It would mean 20 percent less jobs, 20 percent less taxes, 20 percent less money for schools, doctors, roads. The global economy would collapse.
I believe that climate change is the great global crisis that we face, environmental crisis. I believe that if you're serious about climate change, you don't encourage the excavation and transportation of very dirty oil.
In my father's generation, the product was 80 percent of what you were putting into the world, and your personal life was 20 percent. It now seems that 80 percent of the product I put out is silly, made-up stories and what I'm wearing.
Although population and consumption are societal issues, technology is the business of business. If economic activity must increase tenfold over what it is today to support a population nearly double its current size, then technology will have to reduce its impact twenty-fold merely to keep the planet at its current levels of environmental impact. For example, to stabilize the climate we may have to reduce real carbon emissions by as much as 80 percent, while simultaneously growing the world economy by an order of magnitude.
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