The author brings out that the scientific evidence is now overwhelming: climate change presents very serious global risks, and it demands an urgent global response. The range of climatic changes anticipated - will have real impacts on the natural environment as well as man-made infrastructure and their ability to contribute to economic activity and quality of life. Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen.
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/economic-impacts-climate-change
[2] http://admin.indiaenvironmentportal.org.in/category/author/chitra-rajagopal
[3] http://admin.indiaenvironmentportal.org.in/category/journal/rites-journal
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-economics
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-impacts
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-mitigation
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/transport
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-adaptation
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy