According to the third U.N. Intergovernmental Panel on Climate Change (IPCC) report, keeping temperatures within the internationally agreed upon upper threshold limit of 2°C (3.6°F) would have a negligible impact on growth compared to the powerfully destructive impacts of unchecked climate change.
The third of four IPCC reports released in April indicated that addressing climate change would have a net effect on growth of 0.06 percent per year. This cost to economic growth does not factor the economic benefits of avoiding climate catastrophe.
The economic costs of combating Climate Change in IPCC’s Fourth Assessment (AR4) in 2007, show that the cost of stabilizing at carbon pollution at 445 ppm CO2-eq corresponded to “slowing average annual global GDP growth by less than 0.12 percentage points.” This means that the cost of addressing climate change amounts to about one tenth of a penny for each dollar.
Action on Climate Change a Cost Benefit Analysis
The Cost of Delaying Action to Stem Climate Change
Climate Change: Frequency, Costs and Mortality (World Meteorological Organisation)
Graphics – Cost of Delaying Action to Stem Climate Change
Businesses Feel the Heat from Declining Labor Productivity
Economic Benefits of Combating Climate Change (IIED)
Reducing Fossil Fuel Use: The Longer We Wait the More it will Cost
Infographic – How Much Would it Cost to Go Green Globally?
Graphic – The Cost of Mitigating Climate Change
The Financial Costs of Biodiversity Loss
Extreme Weather and the Costs of Climate Change
The Costs of Global Warming
The Costs of Climate Change Related Flooding
Graphs – Global Cost of Flooding
The Costs of Flood Damage will Rise Along with Sea Levels
Balken Flooding and the Costs of Climate Change
Tornadoes and Floods Underscore the Costs of Global Warming
Floods in the Philippines Underscore the Deadly Toll from Climate Change
Hurricane Irene and the Staggering Costs of Climate Change
Extreme Weather Makes a Convincing Case for Climate Change