In a shocking report that will be published tomorrow, the Stern Review will indicate that the cost of failing to act on the climate change will amount to £3.68 trillion. I immediately did a Google check and this is the result:
3.68 trillion British pounds = 10.8720601 trillion Singapore dollars
To write that all out, it will look like this:
SGP$10,872,060,100,000
(for comparison : World’s GDP - SGP$95.82 trillion, Singapore’s GDP - SGP$193.65 billion.)
In order to avert this global economic crisis, the reports advocates that the world has to spend at least £182 billion now. Surprisingly, the report also compares this to the amount the world is spending on advertising. Who will be paying for the cost here? They estimated that half will be from the government and half from private companies. There will also be a greater push towards the creation of a Green Tax to help defray this cost, which means many things will become more expensive in the near future - like air travel which was cited as one of the most lightly taxed area in transport.
In another report, Up In Smoke 2, produced by groups of aid agencies working in Africa, they have highlighted how global warming has created more extremes of weather across Africa. "Global warming means that that many dry areas are going
to get drier and wet areas are going to get wetter. They are going to
be caught between the devil of drought and the deep blue seas of
floods." Andrew Simms from the New Economic Foundation warned.
I guess it is usually very hard for young people like you in Singapore to appreciate how fortunate your life is. Immersed in a highly stressful and competitive environment and in our meritocratic system, most of you take it for granted that you deserve to have the very best, and that this society is all about the survival of the fittest. The poor people in Africa contributed nothing to this climate crisis, and yet they are the first to pay for it.
There are innocent men, women and children dying for your sins today. How do you feel?
P.S. A more complete analysis of the Stern Review is now on BBC.

