London
Global warming will hurt the world’s economy as badly as the Great Depression did, according to a major study commissioned by the British government. The report, by former World Bank economist Nicholas Stern, says that unchecked warming will cause calamitous droughts and floods that could reduce global gross domestic product by up to 20 percent a year. Taking steps now to cut greenhouse gases, Stern argues, would cost only about 1 percent a year of global GDP. The British government has been trying to position itself as a global leader in combating climate change. This week it signed global-warming crusader Al Gore as an unpaid advisor on environmental issues.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
5 fact-checked cartoons about Meta firing its fact checkersCartoons Artists take on playing chicken, information superhighway, and more
-
NCHIs: the controversy over non-crime hate incidentsThe Explainer Is the policing of non-crime hate incidents an Orwellian outrage or an essential tool of modern law enforcement?
-
Islamic State: the terror group's second actTalking Point Isis has carried out almost 700 attacks in Syria over the past year, according to one estimate
