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Follow on Google News | Financial Soultions: 144 Top economists agree on global warming’s threat to U.S. economy.A recent survey shows overwhelming agreement by economists on the economic effects of climate change.
“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. # # # Financial Soultions is a Boutique Investment Advisory Firm with very selective Corporate, Private and Institutional Clientèle who enjoy above average returns and service. End
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