Unfortunately, though we’ve spent 2023 suffering from one climate-fueled disaster after another amid the hottest 12 months in recorded human history, we’re still not treating this as the emergency it is.
Climate financing might climb to $1.8 trillion this year, the International Energy Agency estimates. That’s still not enough. Adjusted for inflation, it’s almost unchanged. It’s little more than 1% of global GDP.
CPI estimates we’ll need to invest $266 trillion between now and 2050 to limit and adapt to climate change.
So, just more than 2.5x gross world product.
Sounds like a great vehicle for grift and fraud.
Oh, how reassuring. Imagine if it wasn’t profitable to save our planet. /s
3 comments
[[Gift link]](https://www.bloomberg.com/opinion/articles/2023-11-13/climate-change-266-trillion-to-fight-global-warming-is-a-no-brainer?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTY5OTg4MDE1NSwiZXhwIjoxNzAwNDg0OTU1LCJhcnRpY2xlSWQiOiJTNDI5QzVEV1JHRzAwMSIsImJjb25uZWN0SWQiOiIxMkE1QzVFRUNERDg0NUJEQjVFOTM1MUE0Mzk4QTAxNCJ9.-zllSTd8ksSP_ytMYGgp7EyDjW9iwUPxLxMSVxUfzlI) from Mark Gongloff:
Unfortunately, though we’ve spent 2023 suffering from one climate-fueled disaster after another amid the hottest 12 months in recorded human history, we’re still not treating this as the emergency it is.
Climate financing might climb to $1.8 trillion this year, the International Energy Agency estimates. That’s still not enough. Adjusted for inflation, it’s almost unchanged. It’s little more than 1% of global GDP.
CPI estimates we’ll need to invest $266 trillion between now and 2050 to limit and adapt to climate change.
So, just more than 2.5x gross world product.
Sounds like a great vehicle for grift and fraud.
Oh, how reassuring. Imagine if it wasn’t profitable to save our planet. /s