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Oct 31, 2006

Warming threatens world economy, study says

Washington Post: Failing to curb the impact of climate change could damage the global economy on the scale of the Great Depression or either world war, according to a report issued yesterday by the British government. The environmental devastation could cost between 5 and 20 percent of the world's gross domestic product, the report found. The report by Nicholas Stern, who heads Britain's Government Economic Service, calls for a new round of international collaboration to cut greenhouse gas emissions ... Link (via- EcologicalInternet.org (Dr. Glen Barry)