The US spends 4% of GDP on defence and nicholas stern suggests it will only cost 1% of GDP to tackle AGW?
The U.S. needs to ensure that its armed forces receive sufficient funding. While funding levels should be determined by needs and requirements, they could be established at 4 percent of GDP without harming the U.S. economy.
http://www.heritage.org/Research/feature...
You are forgetting that many countries around the world are already reducing greenhouse gas emissions or are planning to do so with Australia planning a 20% reduction from 1990 levels by 2020 and a 50% reduction by 2050. Australia will do this through efficiency which will actually save money. Australia will also build wind farms and solar arrays. This will cost money but it will be offset by the amount of money generated locally through companies who will generate jobs and internationally by selling the technology and building overseas projects. Roaring 40s an Australian wind power generation company has just built enough wind turbines in China.
Therefore one must consider the cost savings and money generated by clean energy.
http://www.abc.net.au/pm/content/2006/s1654357.htm
http://uk.reuters.com/article/oilRpt/idUKHKG3131720070210
http://money.cnn.com/2007/09/05/news/companies/deere_wind/index.htm
http://www.abc.net.au/pm/content/2006/s1654357.htm
Measures to reduce emissions can, in the main, be achieved at starkly low costs especially when compared with the costs of inaction. Indeed some, such as reducing emissions by 30 per cent from buildings by 2020, actually contribute positively to GDP, said Executive Director Achim Steiner of the UN Environment Programme (UNEP) which, together with the World Meteorological Organization, established the IPCC.
http://www.unep.org/Documents.Multilingual/Default.asp?DocumentID=506&ArticleID=5578&l=en