This week came the news from the UN Intergovernmental Panel on Climate Change (IPCC) that we are screwed. The IPCC report is not actually, as some would have you think, a prophecy of doom – it is a call for action. In a pure dollars sense, the report notes that “the economic damage in the United States from climate change” is around 1.2% of GDP per 1C increase. And it really doesn’t matter which category the prime minster, treasurer or environment minister are in, the end result is the same – climate change policy cons that will not deliver what they say they will. The reality of the IPCC report is that we can limit the damage from climate change but it is going to be hard and it is going to be expensive.

Source: The Guardian October 13, 2018 21:00 UTC