Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
www2.deloitte.com
Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
1–10 of 72 posts
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#2That’s all? That’s half a year of GDP. Vs 50 years of investment in climate change reduction?
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#3I’d like to see this same report circa 1970:
“Inaction will lead to an ice age costing $X by 2020”
meanwhile there’s another thread here about a “Contrarian VC” investing in climate change…
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#4That’s all? That’s half a year of GDP. Vs 50 years of investment in climate change reduction?
Yeah lets print 14.5T and then stop having to hear about it! Modern monetary theory says this should work.
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#5This number, or any other number, is a lie, which only discredits the climate change initiative. An honest estimate would be a 2-sigma range, e.g. $4..24T with 95% probability with such and such assumptions.
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#6[deleted]
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#7That’s all? That’s half a year of GDP. Vs 50 years of investment in climate change reduction?
3c by 2100 seems on the optimistic end of something that appears to be a non-linear process, though. Especially since we have yet to meet even a single global emissions reduction target. Kinda feels like they picked a number that would be alarming enough to spur action, but not as alarming as a more realistic "if we continue to fail to do literally anything" number that would be taken as scare mongering.
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#8A bunch of numbers from a consulting firm pitching their ESG consulting services. FUD
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#9$14 trillion in 2070 will buy you enough hover gas to get you out of the tri-state free trade zone, and a beverage from the starbuxks trade union™
Re: Inaction on Climate Change Could Cost the US Economy $14.5T by 2070
#10I’d like to see this same report circa 1970: “Inaction will lead to an ice age costing $X by 2020” meanwhile there’s another thread here about a “Contrarian VC” investing in climate change…
Exactly. It's hard to take any prediction more than 5-10 years into the future seriously. Not because the predictors are being insincere or deceptive, just the inherent inability for prediction models to account for unknown unknowns.