STERN REVIEW ON THE ECONOMICS OF CLIMATE CHANGE


Environmental Panorama
International
November of 2006

TUESDAY, 01 november 2006: Minister Marthinus van Schalkwyk today welcomed the results of the long awaited review of the economics of climate change by the United Kingdom’s Stern Commission. It provides new momentum to the important round of negotiations to be held in Nairobi from 6 to 17 November 2007. Van Schalkwyk will lead the SA delegation to these negotiations, which will focus on our response to the burning issue of climate change.

Reacting to the Stern report, Van Schalkwyk said:

“The Stern Review is a clarion call to all world leaders, especially those that still remain outside the Kyoto fold, to acknowledge that the overwhelming scientific and economic evidence requires urgent action. We have reached a point in the debate where the scientific and economic case is so persuasive that failure to act is both negligent and irresponsible. I trust the Stern Report will also contribute to the groundswell of pressure on those governments and corporations that still keep our common global future hostage.”

“The scientific case for stronger action on climate change has been long established. There is broad scientific agreement that human-induced climate change is a reality, and will have dramatic global impacts over the next few decades.”

“Given the broad scientific consensus, the Stern Review takes the climate debate to the next level. The scientific case and economic motivation for the strongest possible international cooperation and action in addressing climate change is now abundantly clear. The economic cost of inaction far outweighs the cost of taking action”

“A strong message from the Stern Review is that action on climate change also holds opportunities. Rather than burying ourselves in despair over the costs of action or the potential catastrophic effects of inaction, we have a responsibility to explore and reap the benefits of combating climate change. The Stern report gives impetus to businesses and governments to begin exploring new sources of competitive advantage in clean and renewable technologies - creating access to cleaner energy for development, reducing air pollution, and improving health and food security. Rather than viewing action on climate change as a burden, the message is that action on climate change holds myriad opportunities for investment.”

“When Kyoto came into force it was seen as a major victory in our battle against climate change. However, today we understand that the current Kyoto regime is not nearly enough. The first commitment period of the Kyoto Protocol also ends in 2012. We understand that we all have to do much more under a strengthened international climate change regime under the UNFCCC and its associated Kyoto protocol. Developed countries have a historic, moral and economic responsibility to lead global efforts to combat climate change and to assist vulnerable countries to adapt to its devastating impacts. Though countries have different responsibilities, we all - developed as well as developing - have a common responsibility to act in accordance with our national capabilities.”

“In addition to the various actions already implemented by the South African Government to mitigate against climate change and to adapt to its adverse effects, we have also now initiated a long term climate change mitigation scenario planning process. The outcomes will shape our climate policy for the future and guide future investment in energy, transport, water, agriculture, and eco-tourism infrastructure amongst other things.”

“South Africa stands ready to take on these challenges as an investment in future generations.”
Riaan Aucamp

 
 

Source: South African Environmental (http://www.environment.gov.za)
Press consultantship
All rights reserved

 
 
 
 

 

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