CLIMATE CHANGE [Fraud]: 'We Have Run Out of Time'

ROME, Jun 14 (IPS) - New scientific research suggests that climate change is taking place faster than foreseen in studies considered so far, according to environmental experts at a forum on climate change called by the Global Legislators Organisation for a Balanced Environment (GLOBE).

"We have run out of time," Ashok Khosla, president of the International Union for Conservation of Nature (IUCN), the world's largest environmental association, told IPS. "Climate change is happening at a swifter speed than we thought so far."
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Katherine Richardson, a leading marine biologist researching the effect of climate change effect on the oceans, told IPS, "Sea levels are rising 50 percent faster than expected by the Intergovernmental Panel on Climate Change (IPCC).

"If humankind does not stop climate change in the immediate future, at the observed present rate sea levels shall rise by at least one metre by the year 2010." This would aggravate the catastrophic consequences already forecast for human settlements along coasts, especially in the developing world, she said.

The acidity of oceans' water is also increasing rapidly, Richardson said. "If nothing changes to stop global warming, by 2065 no region will have corals."
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Khosla said the world is ravaged by a demographic crisis and by an unjust concentration of income, closely linked to a dramatic degradation of the environment.
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Colin Bradford, economist at the Brookings Institute in the U.S., called on governments to "recover economics from neo-liberal ideologies." Since the 1970s, he said, following the rise to power of former British prime minister Margaret Thatcher and former U.S. president Ronald Reagan, "economics stopped to be a social science and became a prisoner of ideologues."

These ideologues' belief that free markets would correct themselves, and set the prices right, "has proven utterly wrong," Bradford told IPS. "For instance, the oil market price is wrong, the carbon market price is wrong, both are too low."