Re:Americans Don’t Understand How Bad Climate Change Is or W...
by mturmon on Monday December 24, 2018 @02:11PM
(#18753716)
For me, the prospect of $500B costs in just one sector (coastal property damage), which will be in effect transferred to the major stockholders in oil/coal companies, is maddening.
Re:Americans Don’t Understand How Bad Climate Change Is or W...
by PeterisP on Tuesday December 25, 2018 @07:05AM
(#18757118)
If the prospect of $500B costs until 2100 ($6B/year) in the future seems maddening, then what would people say about an immediate cost of more than $1000B/year, which is what the expected costs of rapid greenhouse reductions (https://www.technologyreview.com/s/527196/how-much-will-it-c... , $13T until 2030 recent estimate) would be, which wouldn't still prevent much of that sea level rise and coastal property damage?
As I skim it, nothing in that report has anything to convince people that "we're all going to horribly suffer if we don't act NOW". Yes, the effects are bad, but any personal impact I can derive from the descriptions in that report are on the same scale as the affected people would see in any major economic downturn.
The regional chapters in particular seem to have very little alarming content; it seems to center on "yep, this area is slowly to get worse, so we need extra infrastructure and preparation" - the described effects sound like sufficient justification for an 1% tax rate hike and doubling of insurance premiums, but not sufficient justification to mandate serious lifestyle change to try and prevent the consequences.