Are evironmental and economic problems interconnected?

I always thought we lived in a highly interconnected world but when it comes to environmental problems and economics few people appear to make a connection.

For example, the fifth Global Environment Outlook (GEO-5) report from The U.N. Environment Programme.  It was released two weeks before a big environmental conference in Brazil.

This report identifies the key drivers behind climate change as population growth and urbanization, fossil fuel-based energy consumption and globalization.

It seems to me that all of these will have a steadily increasing negative impact on our economy.  It could well be that they are behind the current economic crisis.

However, the report says the annual economic damage from climate change is estimated at 1-2 percent of world GDP by 2100, if temperatures increase by 2.5 degrees Celsius.

I fear this report is overly optimistic and unless we get some more realistic assessments we will not change our behaviors in time to prevent a major catastrophe.

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One Response

  1. i think environmental problems are more about whether people care or not to allocate resources, lots of people squander their money yet i wouldnt call that an economic problem.

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