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Posted Sun Mar 15 2009: from Climate Wire:
Scientists are grim, economists more optimistic about climate change's effects
COPENHAGEN -- Scientists are gloomy; economists are more upbeat. Such was the bottom line of an epic, three-day international congress of climate change experts that ended here yesterday. At the congress, it seemed that all the scientists had to share with their peers was bad news, but a number of economists saw the climate crisis rather as an historic opportunity to reorganize the world economy and develop new, clean and job-creating activities. At the opening of yesterday's session, Lord Nicholas Stern, former chief economist for the World Bank, added his own dose of gloom by saying that his now-famous report on the risks of global warming, written for the British government in 2006, had underestimated them. "The reason is that emissions are growing faster than we thought, the absorption capacity of the planet is less than we thought, the probability of high temperatures is likely higher than we thought, and some of the effects are coming faster than we thought," he explained.
[Read more stories about: climate impacts, faster than expected, global warming, holyshit]

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