Global warming could deliver an economic blow of between 5% and 20% of GDP to world economies because of natural disasters and the creation of hundreds of millions of climate refugees displaced by sea-level rise. Dealing with the problem, by comparison, will cost just 1% of GDP.
A wacky Green idea?
Nope. That will be published in a report on Monday from Sir Nicholas Stern, a former chief economist at the World Bank.
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