France welcomes British global warming report

31st October 2006, Comments 0 comments

PARIS, Oct 31, 2006 (AFP) - France fully backs the findings of a British government report warning of economic catastrophe if global warming goes unchecked, French Environment Minister Nelly Olin said on Tuesday.

PARIS, Oct 31, 2006 (AFP) - France fully backs the findings of a British government report warning of economic catastrophe if global warming goes unchecked, French Environment Minister Nelly Olin said on Tuesday.

The report's author, former World Bank chief economist Sir Nicholas Stern, warned that, without urgent action, the fallout of climate change could be on the scale of the two world wars and the Great Depression of the 1930s.

Singling out current and rising economic powerhouses the United States, China and India, he said the world must be prepared to pay now — in the form of green taxes or emissions trading schemes — to prevent economic disaster.

Olin said she was "absolutely in agreement with her British colleague on the question" and that they would defend a common position during a UN climate change talks in Nairobi on November 15.

She said the report was "particularly interesting because it puts a figure on the economic cost of climate change and calls for negotiations beyond 2012," the target date for developed countries to cut their greenhouse gas emissions under the Kyoto Protocol.

French ministers are meet in the coming days to decide on a raft of new measures in favour of sustainable development, she added.

Copyright AFP

Subject: French news

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