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Climate Change and the Environment

Part of the debate – in the House of Commons at 12:42 pm on 8th February 2005.

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Photo of Norman Baker Norman Baker Liberal Democrat, Lewes 12:42 pm, 8th February 2005

That is right, and there are two equations. The first is the cost of doing nothing. Those who say, "Let's not take action because it would damage the economy," fail to cost in the effects of doing nothing, which are significant. Flood defence work is required in this country, but that is not the only example. Doing nothing will have huge economic costs. Parliamentary answers I have received have suggested that the total cost of damage to the environment in 2004 was £67 billion. Not all of that arose from climate change, but much of it did. That is the cost of doing nothing.