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Even if entire EU went net-zero today and stayed net-zero for the rest of the century impact rather small, reducing temperature rise in 2100 by 0.14°C (0.25°F) Because vast part of 21st-century emissions come from currently poor world UN climate model http://live.magicc.org pic.twitter.com/tpZybF4WYX
We don't have good estimates of what the EU net-zero policy will cost, but similar estimates for the US shows 11.9% and for New Zealand 16% of GDP (https://environment.govt.nz/assets/Publications/Files/NZIER-report-Economic-impact-analysis-of-2050-emissions-targets-FINAL.pdf …) It would imply costs of €6.300-8.500 per person per year (lower than US, because EU less rich)pic.twitter.com/w73JUE2QsD
So we have well-meaning EU leaders jetting off to Glasgow to commit to even stronger climate policies that will drive up energy costs even more cost EU citizens 10+% of their incomes while having an immeasurable impact on climate by century's end https://twitter.com/BjornLomborg/status/1450459360837218305 …pic.twitter.com/bA5B9dekQ4
Here is the equivalent impact of the US going net-zero today — 0.3°F (0.16°C) https://twitter.com/BjornLomborg/status/1449733800649429004 …pic.twitter.com/yQSGBOgdAY
Even if the entire rich world goes net-zero today impact rather small, reducing temperature rise in 2100 by 0.96°F (0.5°C) Because vast part of 21st century emissions come from currently poor world Using UN climate model http://live.magicc.org pic.twitter.com/pkOkaYZuOc
Here is a thread on the costs of almost net-zero from the new Nature studyhttps://twitter.com/BjornLomborg/status/1431599612616445958 …
Notice that the US cost for 80% reduction by 2050 of 5.6% of GDP fits very well with the average cost from the Stanford Energy Modeling Forum estimate of 80% reduction for the EU of 5.14% of GDP (avg of 6 models, ignoring WorldScan extreme cost estimate) https://www.worldscientific.com/doi/abs/10.1142/S2010007813400010 …pic.twitter.com/p3pnDqJ6fo
Every government knows this. Every NGO knows this. Every media organization knows this. Every academic knows this. They are all colluding in a vast scam.
I agree with everything, apart from the EU leaders being well-meaning. Most of them know the truth - yet choose to ignore it.
Instead of 0.14°C reduction of global temperature I'd rather have 0.14 BTC in 2100 which coincidentally would currently cost you about EUR 7.5k. So which one is a better investment?
@readwiseio save thread
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