An item in the Environmental and Energy Study Institute's (EESI) October newsletter discusses comments by Sir Nicholas Stern, former British Treasury economist and author of the 2006 Stern Review on the Economics of Climate Change, about global risks from climate change versus the current financial crisis. "The risk consequences of ignoring climate change will be very much bigger than the consequences of ignoring risks in the financial system," including a loss of up to one-fifth of world Gross Domestic Product and "extreme" conflict.
Drawing an analogy between the current financial …
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