Climate change

Posted on Październik 18, 2007


Climate change triggered by global warming could cause stagnation,
slow economic growth, and rising prices all over the world, according
to a recent report by Morgan Stanley. In other words, climate change
has become serious enough to make a dent in the world economy.
The report says South Korea is one of the most vulnerable countries in
the world to environmental damage. Elga Bartsch, a Europe Research
Center economist at Morgan Stanley, an investment bank, said in a
report „Climate Change Economics 101” released on Tuesday, climate
change is highly likely to have an impact on the global economy at a
comparable level to the collapse of communism and the Internet

Posted in: climate change