The impact of global warming on the economy

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Master 1 LEA Commerce International
Anglais Macro-économie

SUMMARY

INTRODUCTION 3

I. GLOBAL WARMING 4

1. Temperature changes 4

2. Expected effects 4

3. Responses to global warming 5

II. THE IMPACT ON GLOBAL ECONOMY 8

1. Stern Report 8

▪ Presentation of the Report 8

▪ The key points 9

2. The most important natural disasters 11

III. WHICH SOLUTIONS TO GLOBAL WARMING ? 12

1. Copenhagen conference 2OO9 12

2. 2009 IPCC Report 12

3. Our tips to fight against global warming in our everyday life 13

CONCLUSION 15

BIBLIOGRAPHY 16

INTRODUCTION

The climate is changing. The earth is warming up, and there is now overwhelming scientific consensus that it is happening. With global warming on the increase and species and their habitats on the decrease, chances for ecosystems to adapt naturally are diminishing. Many agree that climate change may be one of the greatest threats facing the planet.

Global warming is forcing the world to change the way it does business. A more sustainable global economy is emerging as countries and companies move to combat the challenges posed by climate change. Huge amounts of money are pouring into clean energy projects, carbon trading and environmental and energy hedge funds: the World Bank had calculated that 39 countries had lost five per cent or more of their wealth because of unsustainable forest harvesting.

Society faces mounting physical risks, and businesses face grave financial risks if they fail to adapt to a changing policy climate because of the rapidly changing physical climate.

The challenge we face is nothing short of transforming our economy from a high-carbon model which is putting both our economy and planet at risk to a low-carbon model that can create new markets and a healthier environment.

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