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Pontiff says an increase in foreign aid could help stem the flow of refugees and migrants seeking to enter Europe
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Cost of Preventing Global Warming Less than One Per Cent of Forecasted World GDP: Study
DUBAI - Keeping global warming below 2 degrees Celsius by 2030 will cost less than one per cent of forecasted global GDP, a new study by consulting firm McKinsey & Company shows.
Echoing downturn-induced doubts about market infallibility, the report calls for government regulations that will require technical improvements, implement CO2 prices or taxes and provide incentives and support to emerging technologies.
With the announcement of a zero carbon emissions development in Abu Dhabi, an agreement to acquire nuclear power technology and the founding of an international organisation dedicated to renewable energy, government agencies within the UAE have progressed towards some of the goals outlined in the report.
The report, which only examined technical opportunities that do not impact lifestyle, found that many of the technologies will save money by 2030. Retrofitting commercial properties for insulation, switching to LED light bulbs in homes and recycling waste will all save money while reducing emissions.
· emily@khaleejtimes.com
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