Emissions Cut to Cost 3% of Global GDP, Pachauri Says

(Bloomberg) - The cost of cutting greenhouse gas emissions to avoid the impact of climate change may amount to 3 percent of the world's economic output, said Rajendra Pachauri, the chairman of the Intergovernmental Panel on Climate Change.

"The cost to the global economy in 2030, so that's 21 years from now, will be no more than 3 percent of the global GDP," he told the CarbonExpo Australasia conference on the Gold Coast, Australia today via video link.