Stern report fuels alarmism

Competitive Enterprise Institute
Posted: October 31st, 2006 by Thomas L. Knapp
Author: staff

“A new report commissioned by the British government on the potential costs of global warming and its prevention is deeply flawed and should not be used to justify a global emissions trading scheme, the Competitive Enterprise Institute warned on Monday. The Stern Review on the Economics of Climate Change, authored by former World Bank economist Sir Nicholas Stern, concludes that global warming could cost up to 20 per cent of world economic output if urgent action is not taken to stop floods, storms, and natural catastrophes.” (10/30/06)

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