Denying global warming has a tremendous economic cost

Oft repeated by global warming deniers is that it’s “too expensive” to fight global warming, and to even do something as simple as imposing emissions limits would cripple the economy (be sure to read the “about us” page on that site).

The UK believes the exact opposite.

A report by economist Sir Nicholas Stern suggests that global warming could shrink the global economy by 20%.

But taking action now would cost just 1% of global gross domestic product, the 700-page study says.

Tony Blair said the Stern Review showed the scientific evidence of global warming was “overwhelming” and its consequences “disastrous”.