Edging toward a climate tipping point

Climate economist Nicholas Stern outlines the investment needed to limit, prevent and adapt to climate change as the costs begin to go far beyond GDP.

The cost of global warming can no longer be quantified solely in terms of gross domestic product as the changes the world will experience and the resulting loss of life will be so immense, climate economist Nicholas Stern said on Wednesday.

In 2006, Stern published a major report on the economics of climate change which said average global temperatures would rise by 2 to 3 degrees centigrade in the next 50 years and could reduce global consumption per head by up to 20 per cent.

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