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Fear that it will be costly for consumers to address climate change is largely unfounded, a new modeling exercise conducted for the magazine New Scientist suggests.

Rie Jerichow03/12/2009 18:55
Radical cuts to the UK’s greenhouse gas emissions will cause barely noticeable increases in the price of food, drink and most other goods by 2050, indicates a model developed by Cambridge researchers for the magazine New Scientist.

"These results show that the global project to fight climate change is doable … It’s not such a big ask as people are making out," says Alex Bowen, a climate policy expert at the London School of Economics, according to the magazine.

At current prices, going low-carbon is forecast to add around five pence to the price of a loaf of bread or a pint of beer. The price of household appliances such as washing machines rises by a few pounds, New Scientist reports.

According to the model, overall food prices will increase by one percent, electronics by two percent, and electricity by 15 percent. However, it would be a lot more expensive to travel by air, unless a low-carbon alternative to jet fuel is found. A return flight from London to New York would jump from £350 to around £840 – or what corresponds to an increase of 140 percent.

Source: issd