UK's 'Stern Report'

Cost of Action v. Non-action

• 5-20% annual GPD losses without action
• 1% annual GPD losses with action

Responsibility for Reductions

• developed states could assume responsibility for reducing emissions by investing in carbon-reduction in developing word rather than only making emission reductions in developed countries' territory.
  • 50% cut from 1990 developing countries emissions by 2050 through $40 billion annual investments