Corals are included in costs: It counts $2-49bn/yr in the report
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Vastauksena käyttäjälle @BjornLomborg
I think that's why this is hard to keep a sense of proportion - because things that feel big, (e.g. complete loss of corals reefs), are only a "small" percent of GDP. My question: what DOES count as a big percent of GDP? It's small relative to our sense of numbers. But to build
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Vastauksena käyttäjille @MatthewSarker ja @BjornLomborg
Our intuition a bit, can you give an example of something that IS a big share of GDP? And some intuition behind why?
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Vastauksena käyttäjälle @MatthewSarker
A good way to intuit the costs is to look at your own budget Here is an American's budget Notice, that taxes are missing (not as important in the US) https://www.joshuakennon.com/how-the-average-american-family-spends-its-money/ …pic.twitter.com/ckrtoL4feg
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Vastauksena käyttäjille @BjornLomborg ja @MatthewSarker
So 0.09% (the high end of acidification impact by 2100) is equivalent to $45 That is what the average worker spend on coffee in less than a monthhttps://abcnews.go.com/GMA/american-coffee-habits-spend-coffee/story?id=16923079 …
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Vastauksena käyttäjille @BjornLomborg ja @MatthewSarker
Compare this to what is really important for most people – here from all government budgets from the EU (about 46% of total GDP) https://ec.europa.eu/eurostat/web/government-finance-statistics/data/database …pic.twitter.com/j38chHsyl7
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Vastauksena käyttäjille @BjornLomborg ja @MatthewSarker
So big ticket issues is social protection (19%), education (5%) and health (7%). These are about 100-200 times more important than acidification. And remember, this is the spending decided by democratically elected governments
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Vastauksena käyttäjille @BjornLomborg ja @MatthewSarker
You can also look at the impact in developing countries. We did a project on the cost of problems from 1900-2050 E.g. how much is the cost of NOT having health care, or NOT being able to read? The cost is huge (24% in 1900 of lacking health) https://www.copenhagenconsensus.com/scorecard-humanity …
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Vastauksena käyttäjille @BjornLomborg ja @MatthewSarker
you can see the short version here as my TED talk https://www.youtube.com/watch?v=uU-LTKOJY9M … (or you can read the Cambridge University Press book)
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Vastauksena käyttäjille @BjornLomborg ja @MatthewSarker
Here are the costs in 2019 lack of health costs 9% of GDP (we would be 9% richer, if all had good health) lack nutrition, education and gender inequality costs about 6% eachpic.twitter.com/USydBCuGUh
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Global warming is right now a *benefit* (because global warming causes more heatwaves, but also fewer coldwaves, leading to *fewer* total deaths) This is a "sunk benefit" - we would get this no matter what Damages will increase in future, so climate policy still makes sense
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