Financial Soultions: 144 Top economists agree on global warming’s threat to U.S. economy.

PR Log (Press Release) – Nov 08, 2009 – Financial Soultions has learned of a recent New York University School of law report that surveyed 144 top economists and found nearly total accord on the threat posed to the U.S. economy and the benefits of the proposed cap and trade system for emission controls.

“Outside academia the level of consensus among economists is unfortunately not common knowledge,” said Richard Revesz, dean of the faculty responsible for the report, during a recent press conference. “The results are conclusive – there is broad agreement that reducing emissions is likely to have significant economic benefits.”

Of the 289 economists to be sent surveys, all of whom had to have published a climate change themed article in a front line economics journal in the last 15 years, half responded to 12 questions on topics ranging from the impact of climate change on specific industrial sectors, to the benefits of calculating greenhouse gas emissions.

Financial Soultions understands that 84 % of economists surveyed said that climate change “presents a clear danger” to the U.S. and global economies, with the biggest impact likely to be to agriculture.

Financial Soultions research has indicated that an increase in droughts and floods as well as sever weather systems like cyclones and tornado’s is expected by the scientific  community, as well as rising sea levels and increased desertification, with Africa likely to be hardest hit by the latter.