Humans risk causing irreversible and widespread damage to the planet unless there’s faster action to limit the fossil fuel emissions blamed for climate change, according to a leaked draft United Nations report.
The panel also acknowledged there are costs associated with keeping the temperature rise since industrialization below the 2-degree target. That’s the level endorsed by the nations negotiating on a climate deal. Doing so may lead to losses in global consumption of 1.7 percent in 2030, 3.4 percent in 2050 and 4.8 percent in 2100, according to the paper.
It’s time to choose between short-term economic growth or long-term sustainability.