Sir Nicholas Stern’s much awaited report on climate change has warned that a global catastrophe triggered by climate change is inevitable and it too late for us to stop it from happening. Sir Nicholas Stern was the chief economist and vice-president of the World Bank from 2000 to 2003 and now he is the economic advisor for the government in UK. Stern’s report says that the world economies could suffer a loss in output, equivalent to £6 trillion a year, by 2050, because of the effects of climate change. The 700-page report has warned that the catastrophic effects of climate change would be difficult to reverse, if the governments around the world fail to act quickly to tackle the issue of global warming and climate change.

Climate change, which refers to the ongoing changes in the global climate caused by global warming, is already causing havoc in some of the world’s poorest countries, with floods, extreme drought and rising sea levels, tormenting the people living in these countries. Climate change is also blamed for the extreme weather patterns emerging all over the world, causing huge economic losses in many countries.

However, Sir Nicholas Stern’s report also emphasizes the positive side of this saga, saying that the world has enough resources in the form of technology, finance etc., to avert a large-scale catastrophe caused by climate change. 

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