A stitch in time in time saves 20: UK Govt. advises 1% GDP global warming budget

A British Government report by Sir Nicholas Stern, a former World Bank chief economist, to be published on Monday, warns that countries will need to spend 1 per cent of their GDP over the next 15 to fight global warming to prevent having to spend twenty times that: :::[SMH]The 700-page report proposes a global carbon trading scheme, increased regulation of carbon-emitting products and green taxes