UN says 'climate protection' may cut world GDP 4% by 2030, more than the 'Great Recession'

Bloomberg reports leaked drafts of the UN IPCC AR5 report show "The cost of holding rising temperatures to safe levels may reach 4 percent of economic output by 2030, according to a draft United Nations report designed to influence efforts to draft a global-warming treaty." That would be greater than the 3.4% drop in US GDP during the "Great Recession" of 2008-2009, but on a worldwide continuous basis forever.

All to 'protect the climate' from the non-problem of CO2.

Climate Protection May Cut World GDP 4% by 2030, UN Says

By Alex Morales Jan 16, 2014 Bloomberg

The cost of holding rising temperatures to safe levels may reach 4 percent of economic output by 2030, according to a draft United Nations report designed to influence efforts to draft a global-warming treaty.

Most scenarios that meet the 2-degree Celsius (3.6-degree Fahrenheit) cap on global warming endorsed by world leaders require a 40 percent to 70 percent reduction in heat-trapping gases by 2050 from 2010 levels, according to the third installment of the UN’s biggest-ever study of climate change. The world would need to triple the share of renewables, nuclear power and carbon-capture and storage to meet that goal.

“This report shows that 2 degrees is still technically possible and ought to remain the primary policy target” for climate negotiations that intend to produce a global agreement in 2015, said Bob Ward, policy director at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics.

A draft of the study was obtained by Bloomberg from a person with access to the documents who asked not to be identified because it hasn’t been published. A spokesman for the panel declined to comment on the document...