According to the Stern Review, compiled by Sir Nicholas Stern, Former Chief Economist of the World Bank, an investment of just 1% of the world’s GDP is required to mitigate the effects of climate change. If not done so we could face a recession of up to 20% of the Global GDP.
Most countries in the world today spend atleast 5-10% of their GDP on arms, military and defense equipment - and yet we excuse ourselves saying that we do not have the funding to invest in environment policies, alternative energy or in advanced technologies for reducing carbon pollution in the air.
All we need is 1% !!!
-- Chirag [via investwise]
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