Benjamin Carr, Ph.D. 👨🏻💻🧬 on Nostr: #Climate damages by 2050 will be 6 times the cost of limiting warming to 2° ...
#Climate damages by 2050 will be 6 times the cost of limiting warming to 2°
Researchers' suggests "committed damages comprise a permanent income reduction of 19% on average globally," compared to where growth would have gotten us, this translates to an economic hit of $38 trillion.
Contrast that with #IPCC estiamte made about costs of limiting warming to 2° C: $6 trillion dollars. So, even the short-term impacts of climate change will vastly outweigh the costs of action.
https://arstechnica.com/science/2024/04/climate-damages-by-2050-will-be-6-times-the-cost-of-limiting-warming-to-2/
Researchers' suggests "committed damages comprise a permanent income reduction of 19% on average globally," compared to where growth would have gotten us, this translates to an economic hit of $38 trillion.
Contrast that with #IPCC estiamte made about costs of limiting warming to 2° C: $6 trillion dollars. So, even the short-term impacts of climate change will vastly outweigh the costs of action.
https://arstechnica.com/science/2024/04/climate-damages-by-2050-will-be-6-times-the-cost-of-limiting-warming-to-2/