Climate change is expensive. Does that help?

An influential report out this month concludes that it will be cheaper to act on global warming now than to wait, but campaigners doubt whether the government will respond

Heather Stewart
Sunday October 15, 2006
The Observer

Weaning the world off fossil fuels sounds like an expensive fantasy, but a major government-backed report will reveal later this month that slashing greenhouse gas emissions will be far cheaper than dealing with the devastation if global warming continues unchecked.

Nick Stern, a former chief economist at the World Bank and the Treasury, has spent more than a year combing through the science and economics of climate change and his final report is keenly awaited by campaigners.