Average person will be 40% poorer if world warms by 4C, new research shows | Experts say previous economic models underestimated impact – as well as likely 'cascading supply chain disruptions'
Average person will be 40% poorer if world warms by 4C, new research shows | Experts say previous economic models underestimated impact – as well as likely 'cascading supply chain disruptions'
Experts say previous economic models underestimated impact of global heating – as well as likely ‘cascading supply chain disruptions’
At 4C of warming the feedback loops of Earth begin to accelerate at an unprecedented rate, the economy is irrelevant from this point onwards.
Just one of these feedback loops has more CO2 equivalent than over 60% of anthropogenic emissions since the industrial revolution.
At 4C of warming the human race is due for extinction unless through its self perceived exceptionalism it somehow manages to circumvent the laws of thermodynamics.
The alternative is we start building a better tomorrow TODAY.
Agreed. I'm getting tired of these pencil-pusher reports implying that "the economy" is going to keep chugging along at a reduced rate, as if we can just shuffle around our stock portfolios and weather the storm.
The "Planetary Solvency" report by IFoA is one of the first mainstream papers that's taking a sober look at the climate crisis. If we hit 2°C by 2050, they're seeing a significant likelihood of:
- 2 billion deaths
- High number of climate tipping points triggered, partial tipping cascade.
- Breakdown of some critical ecosystem services and Earth systems.
- Major extinction events in multiple geographies.
- Ocean circulation severely impacted.
- Severe socio-political fragmentation in many regions, low lying regions lost.
- Heat and water stress drive involuntary mass migration of billions.
- Catastrophic mortality events from disease, malnutrition, thirst and conflict.
I don't even want to think about 3°C and 4°C scenarios.
Oh I can definitely get behind that, I have my gripes with how the current climate consensus is insidiously stacked to give policymakers leeway and mislead the public with this bullshit.
I'm reading through it now and this part on NGFS reports really captures the sentiment:
This is analogous to carrying out a risk assessment of the impact of the Titanic hitting an iceberg but excluding from our model the possibility that the ship could sink, the shortage of lifeboats, and death from drowning or hypothermia.
As much as I hate talking about 'duh economee' when it comes to climate change (a thing that threatens the existence of us and many other beings) this report nails it.
Also the critical observations are good talking points when dealing with deniers/idiots
The one dependable thing has always been that all models end up underestimating results. "Worse/faster than expected" was never funny, but now it's so cliche that I don't even see it mentioned much anymore.
There goes my avacado toast stocks
We are going to be 40% poorer regardless.