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Author Topic: Economic damage from climate change six times worse than thought – report  (Read 514 times)

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Offline rangerrebew

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Economic damage from climate change six times worse than thought – report
« on: May 19, 2024, 09:55:11 am »
Economic damage from climate change six times worse than thought – report
A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

Oliver Milman
Fri 17 May 2024 10.00 EDT
 
The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continuing permanent war, research has found.

A 1C increase in global temperature leads to a 12% decline in world gross domestic product (GDP), the researchers found, a far higher estimate than that of previous analyses. The world has already warmed by more than 1C (1.8F) since pre-industrial times and many climate scientists predict a 3C (5.4F) rise will occur by the end of this century due to the ongoing burning of fossil fuels, a scenario that the new working paper, yet to be peer-reviewed, states will come with an enormous economic cost.

A 3C temperature increase will cause “precipitous declines in output, capital and consumption that exceed 50% by 2100” the paper states. This economic loss is so severe that it is “comparable to the economic damage caused by fighting a war domestically and permanently”, it adds.

https://www.theguardian.com/environment/article/2024/may/17/economic-damage-climate-change-report
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Offline rangerrebew

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Re: Economic damage from climate change six times worse than thought – report
« Reply #1 on: May 19, 2024, 09:57:15 am »
CHICKEN LITTLE LIVES!! savme 888cryingkitty
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Online Timber Rattler

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Re: Economic damage from climate change six times worse than thought – report
« Reply #2 on: May 19, 2024, 10:03:19 am »
It's not "climate change," per se, that's doing the damage but the various governments' absurd destruction of its own energy industries and economies to combat an imaginary "crisis."
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Online mountaineer

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Re: Economic damage from climate change six times worse than thought – report
« Reply #3 on: May 19, 2024, 12:33:14 pm »
Quote from: Timber Rattler on May 19, 2024, 10:03:19 am
It's not "climate change," per se, that's doing the damage but the various governments' absurd destruction of its own energy industries and economies to combat an imaginary "crisis."
Exactly.
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Offline catfish1957

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Re: Economic damage from climate change six times worse than thought – report
« Reply #4 on: May 19, 2024, 01:30:45 pm »
More from this enviro-whacko joker....

https://olivermilman.com/other-writing/

I'm sure this was a Pulitizer winner......     :silly:

"it's like hunting aliens":  Inside the town beseiged by Armadillos
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Offline Kamaji

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Re: Economic damage from climate change six times worse than thought – report
« Reply #5 on: May 19, 2024, 03:10:17 pm »
B.S.
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Offline LMAO

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Re: Economic damage from climate change six times worse than thought – report
« Reply #6 on: May 19, 2024, 09:30:10 pm »
Next year, it’ll  be 10 times worse than thought

And when everybody yawns after that, it’ll be 20 times worse than thought and so forth and so forth
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Offline Hoodat

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Re: Economic damage from climate change six times worse than thought – report
« Reply #7 on: May 19, 2024, 09:44:34 pm »
Six times worse?  So Florida is now under six times deeper water than Algore originally predicted?
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Offline 240B

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Re: Economic damage from climate change six times worse than thought – report
« Reply #8 on: May 19, 2024, 09:48:24 pm »
Quote from: LMAO on May 19, 2024, 09:30:10 pm

Next year, it’ll  be 10 times worse than thought
Me too. Why six times worse? Why not 60 or 600 times worse?
I am always curious about how crackpot weirdos make up their hyperbolic numbers.

Trump will be 500 times worse than Biden!
Well ... Trump was President once, and we were 500 times better off.
Also, 500 times worse than Biden would mean we all turn into Zimbabwe overnight.
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Offline catfish1957

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Re: Economic damage from climate change six times worse than thought – report
« Reply #9 on: May 19, 2024, 10:56:50 pm »
Quote from: 240B on May 19, 2024, 09:48:24 pm
Me too. Why six times worse? Why not 60 or 600 times worse?
I am always curious about how crackpot weirdos make up their hyperbolic numbers.

Trump will be 500 times worse than Biden!
Well ... Trump was President once, and we were 500 times better off.
Also, 500 times worse than Biden would mean we all turn into Zimbabwe overnight.

From the Dr. Evil Laser School of Estimology. 

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