In the climate change debate, people often forget that under all but the most catastrophic scenarios, the future generations who will benefit from our current mitigation efforts will be much richer than we are. For example, Nigel Lawson points out that even under one of the worst case scenarios studied by the IPCC, failure to act would simply mean that people in the developing world would be “only” 8.5 times as wealthy a century from now, compared to 9.5 times as wealthy if there were no climate change.19
So what now? Is it best to reconsider the path that we are taking around taxing carbon footprints and greenhouse gases? How do we accurately measure just how much of a difference our efforts will make? Is this urgency really needed for poorer countries who must take on the financial burden? This article talks about how the "Poorest areas and those least responsible for climate change will take the “biggest monetary hit”, according to a new study by researchers at Germany’s Potsdam Institute for Climate Impact Research"