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Oct 14, 2006

Warming will cost trillions, says report

Guardian: Failure to take action to combat climate change will cause environmental catastrophe and cost the global economy $20 trillion a year by the end of the century, the pressure group Friends of the Earth says today. In a report based on research from more than 100 scientific and economic papers, the group says allowing global warming to continue unchecked will mean a temperature rise of 4C by 2100, causing economic damage worth up to 8% of global GDP. The study ...Link