London has emerged as a global centre for commercial attempts to mitigate climate change, says RICHARD LOFTHOUSE
SIGNS OF THE CHANGING BUSINESS CLIMATE
Last October's Stern Review on the Economics of Climate Change priced the solution to global warming at 1% of global GDP each year by mid-century, with a range of plus or minus 3%. One per cent of global gross domestic product is approximately €400bn in today's money.
The United Nations published a report in 2006 stating that the market for clean tech financing could reach €1.48 trillion by 2020.
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