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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
But to a large part it will only be felt indirectly via inflated costs of various goods. Everything is getting far more expensive already because of the current energy cost shock to industries. It is a disaster right in front of our eyes, but heavily underreported.
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