The mainstream “facts and science” does not support the conclusion that climate change will eventually “dwarf everything else” in the economy, not even for hard-hit countries like Bangladesh. The 1/3 number for Bangladesh by 2060 is one of the higher estimates I’ve seen, from Asian Development Bank. Others show less than 10%.
10% is a lot! It’s trillions of dollars, and it would be worthwhile to spend a significant amount of money to avoid it. But we need to pay attention to the science.
The mainstream “facts and science” does not support the conclusion that climate change will eventually “dwarf everything else” in the economy, not even for hard-hit countries like Bangladesh. The 1/3 number for Bangladesh by 2060 is one of the higher estimates I’ve seen, from Asian Development Bank. Others show less than 10%.
See also: https://www.washingtonpost.com/weather/2019/08/19/climate-ch... (“Climate change could cost the U.S. up to 10.5 percent of its GDP by 2100, study finds.”).
10% is a lot! It’s trillions of dollars, and it would be worthwhile to spend a significant amount of money to avoid it. But we need to pay attention to the science.