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by snowwrestler
2308 days ago
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Global warming is a net negative for all people if the rate of change exceeds the rate at which we can adapt our society. That shows up in our economy as a cost, and when costs exceed revenue, society runs into trouble regardless of whether the atmosphere is 15% more conducive to plant growth. The most obvious cost is the threat to densely populated real estate along coasts as sea level rises. You have to build sea walls or move. Building walls is a huge direct cost. But forced moving creates huge indirect costs as the price of real estate above the new waterline soars--at the same the people with land under the waterline all file flood insurance claims (or go bankrupt). Freeman Dyson was a brilliant physical scientist, but the problems of global warming will be primarily social, not physical. |
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Building sea walls is a trivial cost compared to moving (and giving up the real estate to the sea). Ask the Netherlands - 26% of the country is below sea level - up to (or down to) 6.7m below.