Climate scientists warn of climate disaster. But economists? Many say the economic hit from global warming will be negligible. But a new study shows the cost could be way worse than we once thought. In this episode, we reveal exactly how much poorer we will be in 2100, break down why previous models got it wrong, what this study means for our future, and the “goldilocks” path to decarbonization.It looks like the economists didn't heed one of Commoner's Laws, "Everything is connected to everything else." They ignored economic effects outside of the countries they were analyzing that would affect the target countries. On the other hand, the scientists weren't. I'm glad Timothy Neal looked at the effects of global climate change on national economies. As we are finding out about tariffs, trade is important.
This is on top of the usual Commoner's Law lessons about climate change, "Everything must go somewhere (There is no away)" and "There is no free lunch" about the problem and "Nature knows best" for the solutions. That written, there is an optimal, if not ideal path. Too fast a transition would be as bad as the post-Peak-Oil future predicted in The End of Suburbia. Too slow and the planet will pass too many tipping points. To repeat what I wrote in PBS Terra tells 'The Dirty Truth About Our Clean Energy Future', "As I tell my students, sustainability is a balancing act. May we not fall over."
That's a wrap for today's evergreen educational entry. Stay tuned for the Sunday entertainment feature.
Wow! What will I not spend my Bush/Trump divdend on!?
ReplyDeleteLOL. I recommend stuff you wouldn't have spent money on anyway, like red Make America Great Again hats and gold Trump sneakers.
DeleteThanks for linking to this entry at Mike’s Blog Roundup and welcome to your readers who came here from your link. Also, welcome to my international readers from Hong Kong, the Netherlands, Singapore, the United Kingdom, Russia (yes, even you!), China, Canada, Austria, Germany, India, and the rest of the planet. Looks like you're checking in on the mood here in the U.S. May my blog be the right place for you!
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