Wednesday, November 01, 2006

who's in bunker?

1-- There is still time to avoid the worst impacts of climate change, if we take strong action now.

The scientific evidence is now overwhelming: climate change is a serious global threat, and it demands an urgent global response.

2-- Climate change could have very serious inpacts on growth and development.

The most vulnerable -- the poorest countries and populations -- will suffer the earliest and most, even though they have contributed least to the causes of climate change.

3-- The costs of stabilising the climate are significant but manageable; delay would be dangerous and much more costly.

Ultimately, stabilisation [of greenhouse gas levels ] -- at whatever level -- requires that annual emissions be brought down to more than 80% below current levels.

4-- Action on climate change is required across all countries, and it need not cap the aspirations for growth of rich or poor countries.

The world does not need to choose between averting climate change and promoting growth and development.

5-- A range of options exists to cut emissions; strong, deliberate policy action is required to motivate their take-up.

Climate change is the greatest market failure the world has ever seen, and it interacts with other market imperfections.

6-- Climate change demands an international response, based on a shared understanding of long-term goals and agreement on frameworks of action.

Many countries and regions are taking action already: the EU, California and China are among those with the most ambitious policies that will reduce greenhouse gas emisions. . . . But more ambitious action is now required around the world.

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-- Summary of conclusions, Stern Review on the economics of climate change, UK HM Treasury Office.

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