Humans have caused 1.5 °C of long-term global warming according to new estimates

Re:Humans have caused 1.5 °C of long-term global warming acc... by ein0p on Sunday November 17, 2024 @03:43PM (#42167049)

Would spending 100 trillion dollars that we don't have cause more deaths than it prevents, due to increased poverty and rising cost of living? That's all I'm really asking here. Has anyone bothered to run the numbers?

[ Parent | on HN ]

Re:Humans have caused 1.5 °C of long-term global warming acc... by johnfernow on Sunday November 17, 2024 @05:19PM (#42167873)

Subsidies for oil, coal and natural gas currently cost us about 7.1% of global GDP. [1]

I imagine if we were willing to spend 2 to 5% of global GDP on fighting climate change, we'd also be cutting those subsidies. So in that scenario we'd be reducing government deficits and reducing the rate at which we print money, not increasing it.

1. https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel...

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Re:Humans have caused 1.5 °C of long-term global warming acc... by ein0p on Sunday November 17, 2024 @05:33PM (#42167970)

I agree on ending the subsidies, that's fine. But the US alone spends over $2T more each year than it earns. Oil/gas subsidies in the US are a tiny fraction of that sum.

[ Parent | on HN ]