There is a growing awareness of environmental matters among the population. In the meantime, some measures have been taken. If this did not happen, the world would have to deal with unforeseeable consequences such as floods, water shortages for one person in every six and hundreds of millions of climate refugees. about €270 billion a year, would be enough to counteract climate change. Sir Nicholas Stern calculated that spending about 1 per cent of the world‘s gross domestic product, i.e.
That equates to costs in the order of up to £3.68 trillion (about €5.5 trillion). It said that climate change could consume between 5 and 20 per cent of the world‘s gross domestic product. The then Prime Minister of the UK, Tony Blair, spoke of it as the most significant paper he had ever seen during his time in office. Insights Information for customers and employees of the Hoval Group Issue 01/2009 Climate protection in the line of fire About two years ago, a report by Sir Nicholas Stern, former Chief Economist at the World Bank, presented alarming facts.
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