http://news.independent.co.uk/environment/article1943294.eceBy Colin Brown and Rupert Cornwell,
The London Independent, October 31, 2006.
“Climate change has been made the world's biggest priority, with the publication of a stark report showing that the planet faces catastrophe unless urgent measures are taken to reduce greenhouse gas emissions. Future generations may come to regard the apocalyptic report by Sir Nicholas Stern, a former chief economist at the World Bank, as the turning point in combating global warming, or as the missed opportunity. As well as producing a catastrophic vision of hundreds of millions fleeing flooding and drought, Sir Nicholas suggests that the cost of inaction could be a permanent loss of 20 per cent of global output... Across the world, environmental groups hailed the report as the beginning of a new era on climate change, but the White House maintained an ominous silence. However, the report laid down a challenge to the US, and other major emerging economies including China and India, that British ministers said cannot be ignored… In the Commons, Environment Secretary, David Miliband, confirmed that ministers were drawing up a Climate Change Bill, which would enshrine in law the Government's long-term target of reducing carbon emissions by 60 per cent by 2050… Charlie Kronick, of Greenpeace, said… ‘There are no more excuses left, no more smokescreens to hide behind, now everybody has to back action to slash emissions, regardless of party or ideology,’ he said.
http://www.hm-treasury.gov.uk/Independent_Reviews/stern_review_economics_climate_change/sternreview_index.cfmHere is the Stern Report On Climate Change