G8 to gauge cost of species loss from climate change
The ministers conducted deliberations during a two-day meeting in the eastern German city of Potsdam. Also in attendance were ministers from Brazil, China, India, Mexico and South Africa.
Germany’s environment minister said 150 species were lost to extinction every day, and that loss of plant and animal species was an economic disaster fuelling poverty in many areas.
The Stern report estimated that climate change could cost between 5% and 20% of annual gross domestic product.















A strange turn of events
Dollar value ...
triage or outside the box
Here’s something sombody said sometime that may be helpful: Economic considerations are a wonderful way to figure out the most efficient way to steer the ship from the harbour to some destination. Economics is, however, a lousy way to choose that destination.
Acting morally ...
Bethany Hampton
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Shakespeare Morris Men
http://www.awriteshop.com/
D or F?
lathamorama@gmail.com
Some predictions,
but they are the same people!
look again
Tol, R. 2002. Estimates of the Damage Costs of Climate Change. Part 1: Benchmark Estimates
Environmental and Resource Economics Volume 21:47-73
Abstract: A selection of the potential impacts of climate change – on agriculture,forestry, unmanaged ecosystems, sea level rise, human mortality, energy consumption, and water resources – are estimated and valued in monetary terms… Using a simple sum, world impact of a 1 ̊C warming would be a positive 2% of GDP, with a standard deviation of 1%. Using globally averaged values, world impact would be anegative 3% (standard deviation: 1%). Using equity weighting, world impact would amount to 0% (standard deviation: 1%).
Good grief.
Risking Hypothermia to Protest the Weather
Come on! That's wet snow
Come on! That's wet snow and they're all dressed appropriately. You can't get hypothermia doing that!
You're going to have to try better than that!
Oh, well then it's just more
Keep up the good work, protestors!
Arlene Jensen
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Cobb's Hill Vineyard
http://www.chiltons.com/
Who needs climate change to decimate species?
I have no problem looking at the environment in monetary terms. It’s time corporations started putting a value on clean air, clean water, and functioning ecosystems. They have been left off the balance sheets for too long and it’s showing.
I wouldn’t invest in a company that doesn’t take these things into consideration. To ignore natural capital and global warming is reckless and threatens the long-term viability of a venture. That’s bad business.