Climate News
Where Have All The Disasters Gone?
Willis Eschenbach
I read today that the EU is using an estimate of US$68 per tonne of CO2 emissions for the purported cost of the damages done by CO2. This is known by a Newspeak term as the “Social Cost Of Carbon”.
It made me wonder—using this estimate, what is the overall total estimated damage done by humans from emitting CO2?
The answer is $97 TRILLION dollars since 1950.
YIKES! That’s about five times the 2020 US Gross Domestic Product (the value of everything produced in the US during that year).
So I thought I’d take a look at the various largest weather-related disasters. I got the big-disaster data from Wikipedia here and arranged it by type of disaster. All values are in 2020 dollars, that is to say, they’re adjusted for inflation. Here is the result.
https://wattsupwiththat.com/2021/10/14/where-has-the-damage-gone/
