The conventional view in policy circles is that climate change will cost the U.S. somewhere between 0 and 2 percent of GDP by the year 2100. But a more thorough accounting points to a much heavier price.
Ironically, as delegates in Copenhagen are ramping up efforts to preserve forests globally to slow global warming, a technology having the opposite effect is poised to wreak havoc on forests around the world.
The United Nations Climate Change Conference in Copenhagen is a moment that challenges us and history. The global warming crisis requires robust, concerted and conscientious responses from all governments.
Officials in Copenhagen will probably ink a new agreement calling for reductions in global CO2 emissions. But even if the delegates achieve this outcome, it is likely that there will be little to cheer.
As the UN Climate Change Convention closes its first week in Copenhagen, HP is in attendance to support our global leaders as they work towards an agreement on the reduction of worldwide greenhouse gas emissions.