Thongchai Thailand

THE ECONOMIC COST OF FAILURE TO TAKE CLIMATE ACTION

Posted on: January 3, 2022

THE NYT REPORTS: LINK: https://www.nytimes.com/2021/04/22/climate/climate-change-economy.html THE CLIMATE SCIENCE POSITION THAT THE REASON WE MUST GET SERIOUS ABOUT TAKING CLIMATE ACTION IS THAT THE FAILURE TO TAKE CLIMATE ACTION WILL CREATE A DECLINE IN THE GLOBAL ECONOMY FOR A TOTAL FINANCIAL LOSS OF $23 TRILLION.

THIS IS THE ECONOMIC COST OF FAILURE TO TAKE TIMELY CLIMATE ACTION PRIOR TO 2060 AND THAT SHOULD SERVE AS MOTIVATION FOR US TO TAKE CLIMATE ACTION AND TAKE CLIMATE ACTION QUICKLY BEFOE 2060.

HOWEVER, ON A RELATED POST: LINK: https://tambonthongchai.com/2021/12/20/does-climate-action-work/ WE NOTE THAT THE COST OF THE CLIMATE ACTION NEEDED TO SAVE A $23 TRILLION LOSS IN THE GLOBAL ECONOMY IS $33 TRILLION. THESE COST DATA IMPLY THAT CLIMATE ACTION IS A NET COST OF $10 TRILLION AND THAT NOT TAKING CLIMATE ACTION IS A NET BENEFIT OF $10 TRILLION.

IN THE GRAPHIC OF THE GLOBAL ECONOMY IN THE CLIMATE CHANGE ERA {1986 TO 2020} WHAT WE SEE IS THAT THE GLOBAL ECONOMY HAS BEEN RISING AND BULLISH OVER THE ENTIRE PERIOD OF GLOBAL WARMING. THERE IS NO EVIDENCE IN THAT CHART THAT GLOBAL WARMING / CLIMATE CHANGE HARMS THE GLOBAL ECONOMY.

1 Response to "THE ECONOMIC COST OF FAILURE TO TAKE CLIMATE ACTION"

Combine this with the graphs that show that damages and deaths to extreme weather are going down and the whole argument of an existential threat disappears completely.

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