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US going net-zero will cost more than $11,300 per person per year in 2050 according to new Nature study That is almost 500x as much as average American willing to pay That won't end well my comment in WSJ https://www.wsj.com/articles/climate-change-cost-economy-emissions-tax-per-person-net-zero-joe-biden-11634159179 … https://archive.ph/4K48e https://www.nature.com/articles/s41558-021-01128-0 …pic.twitter.com/xNECL7hvzk
Compare the cost of US net-zero at 12+% GDP with the UN Climate Panel estimate of cost if we do *nothing* against climate change: 2.6% of GDP by 2100 We are currently doing too little, but doing too much is also dumb https://www.ipcc.ch/sr15/ pic.twitter.com/UYNSW6b9JF
Even if entire US went net-zero today and stayed net-zero for the rest of the century impact rather small, reducing temperature rise in 2100 by 0.3°F (0.16°C) Because vast part of 21st century emissions come currently poor world Using UN climate model http://live.magicc.org/ pic.twitter.com/xo7UE2xtM7
Even if entire rich world went net-zero today for rest of century impact rather small, reducing temperature rise in 2100 by 0.96°F (0.5°C) Because vast part of 21st century emissions come currently poor world Using UN climate model http://live.magicc.org/ pic.twitter.com/5XudR5I4K7
Here is a thread on the Nature paperhttps://twitter.com/bjornlomborg/status/1431599612616445958 …
Climate real problem, but won't be solved by high-cost climate policies Instead, dramatically ramp up investment in green R&D from $20 to $100bn/yr Such innovation can drive price of low-CO₂ energy down below fossil fuels and help everyone switchhttps://www.sciencedirect.com/science/article/pii/S0040162520304157 …
For the comments suggesting that these costs are just investments to make us all much richer — no The $11K/person cost is not price tags on solar panels etc It is GDP loss: US GDP will be 11.9% lower in 2050 compared to no net-zero policy Income trajectory permanently lower
Cual será el sacrificio de Asía que es el máximo emisor de CO2 y de población?
Not when you just print more money, what's the worse thing that could happen? The world needs to just slow down and live within their needs.
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