Quote:
Originally Posted by aerohead
So far, the arithmetic for climate change indicates that the 'ounce of prevention' will be superior in all ways compared to any ' pound of cure' geo-engineering scenarios.
The Green New Deal cost one soda-pop/day/capita.
It's the cheapest way out, and guarantees efficacy.
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Where'd you get that "arithmetic"?
Taking the
lowest estimate of the cost of GND puts the cost at $50T over 10 years. That's 5T per year. Spreading that cost over every citizen we're at $42/day. You're overpaying for your pop.
At the high end of the estimate, it's 100T over 10 years, and doubles the daily per capita cost to $84/day. I'm not sure if that factors in interest, but it certainly doesn't factor in opportunity cost.
https://www.factcheck.org/2019/03/ho...new-deal-cost/
William Nordhaus was awarded the Nobel Prize in economics in 2018 for his work on estimating the economic effects of global warming. He estimates a 2-4% economic loss by the end of the century (80 years from now). We're expected to have 300%+ GDP growth in those 80 years.
The maths suggest we'll be more capable to not only mitigate the effects of climate change 80 years from now, but we'll have more wealth and more advanced technology to possibly reduce CO2 concentrations, should we choose to do so.