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We’re going to lose economic growth because of climate change, “Staying under the 2C threshold could limit average regional income loss to 20 percent compared to 60 percent" [1]. Whether it will be significant amount, or a devastating amount is still to be determined. US GDP is $20T, and the difference between low warming and high warming is 40% loss! This means we could spend up to $8T a year to address climate change and it would still make economic sense. The Inflation Reduction Act authorized $370B of spending over 10 years on climate and energy [2]. This is about 0.1% of annual GDP and about 0.4% of what we could be investing to address this. If we spent even a fraction more, we could rapidly convert housing and transportation to electric, make electrical grids renewable, and decarbonization manufacturing, we have the technology to do this. We can do this, the most important thing is to tell others we can, and particularly people with power and influence. [1] https://phys.org/news/2024-04-climate-impacts-global-gdp.htm... [2] https://www.politico.com/news/2022/07/27/manchin-schumer-sen... |
> Energy transition aspirations are similar. The goal is powering modernity, not addressing the sixth mass extinction. Sure, it could mitigate the CO2 threat (to modernity), but why does the fox care when its decline ultimately traces primarily to things like deforestation, habitat fragmentation, agricultural runoff, pollution, pesticides, mining, manufacturing, or in short: modernity. Pursuit of a giant energy infrastructure replacement requires tremendous material extraction—directly driving many of these ills—only to then provide the energetic means to keep doing all these same things that abundant evidence warns is a prescription for termination of the community of life.
https://dothemath.ucsd.edu/2022/09/death-by-hockey-sticks/
Humanity needs to let go of the fantasy of endless growth, which permeates through our cultures, economies and politics. Life on this earth is a co-op, you can't win by being the last species alive, or at least your wining will look very sad and be short lived. If you think endless growth is a viable strategy, go and ask your neighborhood slime mold in a petri dish what it thinks.