Net zero by 2050 will continue to be a massive policy implementation challenge, but the global political consensus on climate has never been stronger ... a Biden election moves climate politics fully into a new era ...https://twitter.com/MLiebreich/status/1319035999385767939 …
This will quickly wear thin when the costs start coming in. Biden's $2 trillion/4 yrs is $1,500 per person per year (or $3,500 per taxpayer per year) Unsustainable with most willing to pay much, much less (and of course, actual net-zero more like $12,500/person/yr)
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Not quite correct: "Biden’s climate and environmental justice proposal will make a federal investment of $1.7 trillion over the next ten years..." https://joebiden.com/climate-plan/# The new pragmatic turn in climate policy recognizes more fully the iron law
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We agree, that he's also claimed he wants to spend $2 trillion over four years, right? https://www.nytimes.com/2020/07/14/us/politics/biden-climate-plan.html …
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What is the source for the £12500 figure?
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NZ net-zero 2050 estimate w/effective policies: 16% GDP cost (only academic estimate so far) https://www.mfe.govt.nz/sites/default/files/media/Climate%20Change/NZIER%20report%20-%20Economic%20impact%20analysis%20of%202050%20emissions%20targets%20-%20FINAL.pdf … 16% GDP cost of US GDP in 2050 of $34.4 trillion (UN SSP2) is $5.5tr, pop of 388m (US 2017 projections) is $14,200 (I think I used higher US pop estimate)
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