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ÁDER: ALLOCATE 2% OF NATIONAL INCOME TOWARDS AVERTING ECONOMIC LOSSES DUE TO CLIMATE CHANGE

 

By allocating 2% of Hungarian national income towards establishing a sustainable economy, any future economic losses related to climate change can be offset, President János Áder told news channel M1 on Wednesday. The president said that current trends, if unchecked, could lead to the earth’s surface warming by 3 C, resulting in a big dent in global GDP. “Inaction is far more costly than taking steps towards sustainability,” Áder said, adding that the potential resulting effects would be felt within a decade or two. “By then it will be too late to lament over what we should have done in 2020 but didn’t.”