Unless we instituted massive government intervention and carbon trading schemes, of course
Climate Change Could Cost The World Trillions More Than We Thought
All is not lost, researchers warn, but we need to act swiftly.The gross domestic product of the United States was nearly $17.5 trillion in 2014. That’s enough money to buy all the planet’s gold two times over.
Now consider this: If the world’s permafrost thaws, as a new study warns, humanity could be saddled with a bill that adds more than $43 trillion to the already massive climate-related debt the world will rack up in the next two centuries.
$43,000,000,000,000.
You can do the math yourself, but that’s more than two-and-a-half times America’s GDP and an economic death sentence “beyond conception,” says Kevin Schaefer, a research scientist at the National Snow and Ice Data Center and one of the authors of the report.
The report, published Monday in the journal Nature Climate Change, looks at a previously underexamined contributor to global climate change: the permafrost, or the region of permanently frozen ground that occurs in the world’s coldest places.
This overwrought, hysterical, doomy prognostication is quickly being disseminated (just a few of the links) around the Lefty media with hyperventilating apoplexy. And what is the fix?
But all is not lost. Schaefer pointed to his co-author’s area of expertise, public policy, and said policy change could still spur humans to slow down climate change to the best of their ability.
In December, hundreds of foreign leaders and scientists will convene in Paris for the U.N. climate summit and attempt to hash out a global strategy to address rising seas, warming temperatures and the unchecked release of greenhouse gases around the globe. Many worry the talks may be the “last chance” for action if the planet is to remain below the agreed-upon warming ceiling of 2 degrees Celsius.
Is this the same summit for which 10000 or so will take long fossil fueled trips and live the high life? Anyhow, it’s interesting that every policy prescription amounts to the same thing, more government and taxation, all based on more “computer models”. It’s almost like this is all about a push for far left Progressive policies or something.
BTW, what’s the over/under on a good Gore Effect for the Paris Conference on the Parties?
