Monday, November 22, 2010

Bob Geldof: Each year, we can raise $25 billion for the climate hoax just by convincing everyone in rich countries to eat half as many sweets

Climate costs set to rise, technology can help: UN | Top News | Reuters
GARDERMOEN, Norway (Reuters) - Costs of combating global warming will rise inexorably if the world fails to cap greenhouse gases by 2015, but new technologies can curb the price, the head of the U.N. climate panel said on Monday.

Rajendra Pachauri also told Reuters he felt "reasonably optimistic" that a U.N. climate meeting in Mexico from November 29 to December 10 would make at least modest progress towards curbing climate change.
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But Pachauri also said technological breakthroughs could mute the costs of a strong assault on global warming, projected by the panel to cost about 0.12 percent of world gross domestic product a year until 2030.

"It is entirely possible ... that the benefits might outweigh the costs," he said of efforts to avert more floods, droughts, heatwaves and rising sea levels. "And the decline in costs might be far more rapid than expected."
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Norwegian Prime Minister Jens Stoltenberg expressed hopes for modest progress in Cancun despite a standoff in 2010 between China and the United States, the top two emitters.

"I am less optimistic than I have been for a long time," he said in a speech. "There will be no overall binding agreement."

Irish rock star and anti-poverty campaigner Bob Geldof told the conference the world could easily reach a target of raising $100 billion a year in aid to developing nations to combat global warming, despite austerity in many nations.

Rich nations could save $25 billion a year, for instance, just by halving consumption of sweets, he said. "I don't want to hear from politicians that we can't find $100 billion for the gravest political challenge of our time. It can be done."

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