Worry about Climate Change first, Economy later
In the most recent months, the share market, world economy, bankruptcy of banks are the more major news affecting global population.
Unknown to many or deliberately made unknown, the climate change or global warming are risking global population in the background.
REUTERS has a piece of news with the headline
'Risks of global warming greater than financial crisis: Stern'By James Pomfret
HONG KONG (Reuters) - The risks of inaction over climate change far outweigh the turmoil of the global financial crisis, a leading climate change expert said on Monday, while calling for new fiscal spending tailored to low carbon growth.
"The risk consequences of ignoring climate change will be very much bigger than the consequences of ignoring risks in the financial system," said Nicholas Stern, a former British Treasury economist, who released a seminal report in 2006 that said inaction on emissions blamed for global warming could cause economic pain equal to the Great Depression.
"That's a very important lesson, tackle risk early," Stern told a climate and carbon conference in Hong Kong.
As countries around the world move from deploying monetary and financial stabilization measures, to boosting fiscal spending to mend real economies, Stern said the opportunity was there to bring about a new, greener, carbon-reducing world order.
"The lesson that we can draw out from this recession, is that you can boost demand in the best way possible by focusing on low carbon growth in future," Stern said, including greater public spending on mass public transport, energy and green technologies.
Stern's warning comes on the heels of last week's Asia-Europe or ASEM meeting in Beijing, where China indicated in talks it was committed to seeking a climate change pact in vital end-game talks in Copenhagen at the end of next year.
Read the entire news here:
http://www.reuters.com/article/environm ... 9120081027If you're in Kuala Lumpur (KL) 1st and 2nd Nov, do drop by at the
Eco Film Fest 2008, organized by
EcoKnights.
More details of this topic
here.
