THE ECONOMICS OF CLIMATE CHANGE
     
Report of the debate about the Economics of the Climate change, organised bij KVS on Friday 13 April 2007, Erasmus University Rotterdam. The movie "An Inconvenient Truth" from Al Gore made us awake. British leading economist Nick Stern figured out that if do nothing, we make a loss of 5% GDP yearly.

Environment is back on the political agenda. EU leaders agreed about an increase of carbon monoxide of 20%. An agreement was made too that in the year of 2020 at least 20% of energy need to be sustainability. How to realize these goals? Which mixture of policy-instruments is the optimum? What are the costs for the society and the public treasury? How should the European goals be translated to the national goals? What has to be done at least by the government?

Also questions arise such as must the present generation sacrifice prosperity? Or, if next generations will become richer, will they invest in the enormous amounts to force back the change? In other words:

What are the Economics of the Climate Change?

It becomes considered as an economic problem. Less noxious consequences. Uncertainty, period and coverage are important issues in this case. The debate was a result from STERN's review on the economics of climate change (2006), which shows impacts on food, water and ecosystems (coral reefs, extreme wheather events).
The review shows also a diagram of stabilisation and commitment to warming from 400 ppm CO2e till 750ppm CO2e and its eventual temperature change in a range from 0 degree till 5 degrees.

kvs debat

kvs debat