Thursday, January 31, 2008

Global Warming to cost $20 trillion - 3

Last year, a Noble Prize-winning U.N. network of climate and other scientists warned of rising seas, droughts, severe weather and other dire consequences without sharp cutbacks in emissions of the industrial, transportation and agricultural gases blamed for warming.

That network, called the Intergovernmental Panel on Climate Change, advised that emissions should be reduced by 25 percent to 40 percent below 1990 levels by 2020.

"Climate change and its implications is a broader process, more profound than negotiations among member states,'' Kerim said. "So our aim, our goal is to support that process, not to replace it.''

Kerim said he wants to encourage partnerships between businesses and governments, and that he would refrain from encouraging nations to assign blame and added responsibility to the United States and other rich nations for their historical pollution.

To approach the issue must be a forward looking way,'' he said. "We have to now try to find a way out. And to find a way out, you don't look in the rear mirror which shows you the back of your car.''

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