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Press Release States Climate Forecasting Investment Could Boost Economy

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Home Page > News and Society > Environment > Press Release States Climate Forecasting Investment Could Boost Economy

Press Release States Climate Forecasting Investment Could Boost Economy

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Posted: Nov 12, 2010 |Comments: 0
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The study, released in the scientific journal Bulletin for the American Meteorological Society, states that investments that are made today can result to as much as 10-20 percent progress in climate forecasts for the UK and Europe in the approaching decades, and up to 20 percent improvement all over the world.

The results of the study come as good news to industries and policy makers that aim to assist in the adaptation to climate change for the years to come.  Ambiguity in climate predictions could mean that climate change adaptation measures should be planned with more flexibility –something which also makes the measures more expensive.

Information from a group of climate models was used by the researchers to distinguish the primary reasons for the vagueness in temperature change forecasts in different time scales and areas.

Although the study had been done on a worldwide scale in the past, it is the first time to use a regional scale for the study.

The study illustrated that in the coming four decades at all regions, the principal uncertainties for climate forecasts are mainly caused by dissimilarities between the climate models as well as the natural unpredictability of the climate.

According to the research, the two types of uncertainty may be lessened through investment and advancement of climate science.

It was therefore advised for funding agencies and planners to focus on the issue of how climate science can best bring improvements given the forecasts, and in the process, lessen the expenses of adaptation to climate change.

This, as well as other issues was the topic of discussion at the World Climate Conference-3 in Geneva.  The conference concentrated on climate predictions and gave key points for decision-making.  The objective of the conference was to make a global framework for connecting scientific advances in climate forecast with the requirements of the users.

A press release from the event states that the conference aimed to provide current and future generations with climate forecasts so that they can adapt better to climate change and lessen losses that are brought about by extreme weather and climate events like heat waves, sand storms, cyclones, drought and floods.  The forecast resulting from the conference aims to help decision-makers manage their respective sectors such as food security, water management, health care and tourism better.

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About the Author:

Ashly Sun is a seasoned writer, having travelled around the world, largely putting all her experiences and the sights and sounds she has come across to paper.  She now writes extensively about topics related to green news, mostly on renewable energy, but also on a variety of related topics as well.  When not travelling around the world, she is based in Central Hong Kong, taking in the myriad colours, flavours, and scents of the melting pot that Hong Kong is known for.

 

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Source:  http://www.articlesbase.com/environment-articles/press-release-states-climate-forecasting-investment-could-boost-economy-3654045.html

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climate change, climate predictions, climate change adaptation, europe climate, ncas, climate and economy

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Let’s put this in perspective:

The $14 trillion of GDP in the U.S. is a LOT of economic output. $14 TRILLION!!!

That’s almost as much as the economies of the next four largest (Japan, Germany, China, UK) combined.

If California were a country, it would be the world’s seventh or eight-largest economy.

New York has a GDP equal to that of Russia. Texas’ GDP – which is half of California’s – is equal to that of Canada. Tenessee equal to that of Suadi Arabia.

http://strangemaps.wordpress.com/2007/06/10/131-us-states-renamed-for-countries-with-similar-gdps/

Based on 2006 data, New York City – CITY!!! – had a GDP larger than Brazil! San Francisco had a larger GDP than IRAN!

The U.S. economy grew by almost 6% (in current dollars) in the third quarter of 2007, and by 6.6% in the second quarter (on an annualized basis). In dollar terms, that translates into $200 billion of additional economic output in the third quarter of 2007 (or $800 billion on an annual basis) and $217 billion in the second quarter ($868 billion annually).

Given the ridiculously large size of the U.S. economy ($14 trillion), what does each percent in nominal GDP growth translate to, in terms of that amount of additional U.S. economic output compared to the size of various national economies? Here is how it breaks down:

1% of current-dollar annual growth in U.S. GDP ($140 billion) would be the equivalent of adding the entire economies of either the Czech Republic ($142b) or Israel ($142b) to the U.S. economy.

2% growth would be like adding Denmark’s entire economy ($276b) to the U.S.

3% growth would be like adding more than Turkey’s entire economy ($401b) to the U.S.

4% growth would be almost like adding the entire Dutch economy ($660b) to the U.S.

5% growth would be almost like adding the entire economy of Australia ($755b) to the U.S.

6% growth would be like adding Mexico’s economy ($840b) to the U.S.

7% growth would be like adding Russia’s entire economy ($985b) to the U.S.

Keep things in perspective folks.
Dude…14 Trillion – in one year…

I’m emancipated and have court papers that prove i can obtain a credit card. Once I tell them i’m not 18 but I’m emancipated they just basically hang up. So is their any credit card companies that issue to emancipated minors.

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I’m looking for a H1B sponsor in the States, preferrably in Louisiana or Texas, but doesn’t have to be. I have a degree in finance and an MBA from Southeastern Louisiana University, and work experience in finance, audit and administration… The issue is that I left the States in May of 2007 and I am trying to get a sponsorship while being abroad. Any tips or ideas?

I am planning to buy a home outside the United States, I am wondering if I can get mortgage loans or personal loans here in the US. If so who should I contact. Please advise. Thanks.

Engagement rings are SO much cheaper to purchase in the States! Is it possible for a Canadian to drive down to the states and purchase an engagement ring on a payment plan? Or do you have to be American in order to finance? Any and all answers are greatly appreciated!

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I also need to know if the Patriot Act applies to finance companies.

Seriously stuck with Economics coursework, just some bullet points or even good website links would be brilliant!