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, according to a report issued yesterday by the British government. (Washington Post, Tuesday)
A government program would bring its own economic disaster.
FEE Timely Classic
Kyoto Protocols Death Is a Tragedy? It Just Ain't So! by Jerry Taylor