FACTBOX-U.N. findings on costs of fighting global warming
04 May 2007 13:42:21 GMT Source: Reuters
May 4 (Reuters) - Following are the main findings in a report by the U.N. climate panel issued in Bangkok on Friday. The survey by the Intergovernmental Panel on Climate Change (IPCC) looks at the costs of slowing climate change and the tools available for cutting greenhouse gas emissions. The IPCC report is the third of four this year in a review that will guide government policymakers. The IPCC draws on the work of 2,500 scientists from more than 130 countries and last issued reports in 2001. EMISSIONS "Global greenhouse gas emissions have grown since pre-industrial times, with an increase of 70 percent between 1970 and 2004," it says. Emissions are set to grow by between 25 and 90 percent between 2000 and 2030. Developed countries accounted for 46 percent of all emissions in 2000 but just a fifth of the world population. Up to about 75 percent of the projected growth in emissions of carbon dioxide, the main greenhouse gas, from energy use will come from developing nations. POTENTIAL "There is substantial economic potential for the mitigation of global greenhouse gas emissions over the coming decades, that could offset the projected growth of global emissions or reduce emissions below current levels," it says. Potential savings of greenhouse gases by major sectors in 2030, assuming a penalty for emitting carbon dioxide of less than $100 a tonne (world 2004 emissions were 49 billion tonnes): Sector billions of tonnes of carbon dioxide equivalent Buildings between 5.3 and 6.7 Agriculture 2.3-6.4 Industry 2.5-5.5 Energy supply 2.4-4.7 Forestry 1.3-4.2 Transport 1.6-2.5 Waste 0.4-1.0 TOTAL: 15.8-31.0 COSTS Costs of cutting greenhouse gases range between less than 3 percent of world gross domestic product in 2030, with the stiffest curbs, to a small 0.2 percent boost to growth with an easier goal. The economic impact is spread over many years. The strictest goal, limiting concentrations of greenhouse gases to 445 parts per million of the atmosphere, would brake annual GDP growth rates by less than 0.12 percent a year. Benefits to health from less air pollution, caused by a shift from fossil fuels, "may offset a substantial fraction of mitigation costs." LONGER TERM, BEYOND 2030 "In order to stabilise the concentration of greenhouse gases in the atmosphere, emissions would need to peak and decline thereafter," it said. "Mitigation efforts over the next two to three decades will have a large impact on opportunities to achieve lower stabilisation levels." In 2050, the report projects that the economic impact of stabilising greenhouse gases at 710 and 445 ppm would range from a 1 percent gain in global GDP to a 5.5 decrease. The strictest goal would require a 50 to 85 percent cut in emissions of greenhouse gases by 2050 compared to 2000.
