Report Says Cost of Rapid CO2 Cuts "Manageable"

Associated Press, by Aoife White, January 26, 2009

Rapidly reducing greenhouse gas emissions over the next decade to curb global warming could cost less than 1 percent of world gross domestic product by 2030, according to a report sponsored by the World Wildlife Fund and produced by management consultants McKinsey & Co. It put the price at $256 billion to $448 billion annually by 2030 when they calculate total world GDP to hit US$77 trillion. They advocate massive energy savings by making vehicles, buildings and machinery far more efficient — saying this could eventually halve global electricity demand.

Full article:  http://news.yahoo.com/s/ap/20090126/ap_on_bi_ge/eu_eu_climate_change