Financial Times FT.com

Climate change

Price of climate action 3% of GDP

By Fiona Harvey and Gernot Wagner in London

Published: May 4 2007 05:10 | Last updated: May 4 2007 21:37

The world has until 2020 to reverse the trend of rising greenhouse gas emissions to avoid the most dangerous effects of climate change, the world’s top climate scientists warned on Friday.

Achieving this would reduce the world’s annual gross domestic product by 3 per cent in 2030, the UN expert panel concluded. Emissions have been rising for the past 150 years.

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