New research from insurance giant Swiss:Re finds that climate change is going to whack a large chunk off global GDP -- a much, much larger chunk than it would take to decarbonize. https://www.swissre.com/media/news-releases/nr-20210422-economics-of-climate-change-risks.html …pic.twitter.com/65V84HOrBC
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Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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But with discount rates that's still nothing in today's terms right?
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At a 3% discount rate, each dollar in 2050 is worth forty cents today, and I'd argue a lower long term discount rate than that (and higher valuation of each 2050 dollar) would be more appropriate. Not "nothing" either way though
Keskustelun loppu
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Meanwhile, an actual plan to counter and slow climate change would put GDP on an upward trend for decades. Still cannot comprehend the lack of desire for this, by parties all over the world.
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Because people with power refuse to cede it and the money that comes with it.
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I see China is hit hardest. Do you know of calculations showing at which point it makes sense for large emitters to make unilateral action? Perhaps China is already past that point.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Pay attention, world. Humans continue in self denial as long as they possibly can. Shrinking coastlines, obliteration of infrastructure? The response is to dump more sand in the ocean. Mother Nature laughs with each powerful wave rolling in.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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The GQP & climate change deniers are so blinded by ideology that they’ve refused to see the economic impacts of climate change. I’m not an economist (or GQP), but I figured it out a long time ago.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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But
@BjornLomborg said we’ll be fine!Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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I been sayin'
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