The European Union, its economy and the international community need binding, coherent and more ambitious 2020 and post-2020 EU climate and energy targets.
The Climate Vulnerable Forum report of September 20121 , on the basis of an update and revision of previous estimates of losses linked to climate change, points to unprecedented harm to human society and current economic development that will increasingly affect people around the world, especially the poorest and most vulnerable, and at the same time hold back growth. Its key findings includes an estimation of 400.000 deaths due to hunger and communicable diseases aggravated by climate change, while failure to act already costs the world economy 1.6% of global GDP, amounting to 1.2 trillion dollars in forgone prosperity a year. Furthermore rapidly escalating temperatures and carbon-related pollution will double costs to 3.2% of world GDP by 2030. With major economies such as the European Union to be heavily hit.