Occasionally you hear someone frame the debate surrounding the transition to a low carbon economy in such a way that it makes you wonder why we are having a debate at all.
Yesterday, I attended a conference on green banking hosted by BT Global Services where the keynote was delivered by Jon Williams, head of group sustainable development at HSBC. Here he is on the cost of mitigating climate change if the world acts quickly and decisively:
"Most of the assessments I see put the cost at 0.3 to 0.6 or 1 per cent of GDP – that is a mild recession. It'll have a smaller impact than the subprime crisis in the US."
Makes you wonder what all the fuss is about.
Illegal production of CFC-11 in China has a climate impact equivalent to 16-20 coal power plants, the Environmental Investigation Agency estimates
Additional High Speed Rail funding will go towards HS2 Woodland Fund to plant new native trees along route between Birmingham and Crewe
Supermarket will roll out paper bags for loose fruit and vegetables in store as part of pledge to cut plastic waste
Government expected to win approval for third runway, but questions over climate impact, environmental safeguards, and Boris Johnson's whereabouts remain