Re:Making America Carbon Neutral Could Cost $1T a Year
by millstone on Tuesday May 14, 2019 @12:38AM
(#19906816)
This is a profoundly misleading headline!!
The word "could" here is carrying all the weight. The report from which that number is derived gives a range of estimates, and the $1T figure is at the extreme high end. The median is $300 billion, the 25th percentile is negative $90 billion (it saves money), the 75th percentile estimate is $730 billion.
Yeah it "could" cost $1T if there is "little to no technology innovation over the next four decades." Or it "could" result in billions worth of savings. Both are supported by the report.
Here is I believe the summary report from which this number was derived [1].
Re:Making America Carbon Neutral Could Cost $1T a Year
by ttul on Tuesday May 14, 2019 @10:14AM
(#19909626)
Also: define “cost”. If you include the benefits of avoiding a climate catastrophe, then nearly any amount of spending today will return a profit over the long run.
The word "could" here is carrying all the weight. The report from which that number is derived gives a range of estimates, and the $1T figure is at the extreme high end. The median is $300 billion, the 25th percentile is negative $90 billion (it saves money), the 75th percentile estimate is $730 billion.
Yeah it "could" cost $1T if there is "little to no technology innovation over the next four decades." Or it "could" result in billions worth of savings. Both are supported by the report.
Here is I believe the summary report from which this number was derived [1].
1: http://deepdecarbonization.org/wp-content/uploads/2015/11/US...