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Climate Protection May Cost 4% of World GDP by 2030

2014-01-16 18:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The cost of containing rising temperatures to safe levels may reach 4 percent of economic output by 2030, according to a draft United Nations report designed to influence talks for a global-warming treaty. Most scenarios that meet the 2-degree Celsius (3.6-degree Fahrenheit) cap on global warming that world leaders endorse require a 40 percent to 70 percent reduction in heat-trapping gases by 2050 from 2010 levels, according to the third installment of the UNs biggest-ever study of climate change....

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