[QUOTE=Public Animal No. 9]
45 TRILLION DOLLARS!!! OMG! OMG! WE’RE ALL DOOMED!!!
Ok, deep breaths, everyone. The cited article notes that the $45 trillion is 1.1% of world GDP over the same period. Clearly, it’s not a trivial amount, but neither is it a complete and utter train wreck. The CIA World Fact Book estimates 2006 world GDP at about $66 trillion (on a purchasing power parity basis). 1.1% of that is $726 billion. Wikipedia notes that the US spent about $626 billion on “military related expenses” in 2007. So about 14 months worth of the US military expenditures would cover the costs for the entire world. The US spent about 7.4% of its own GDP on energy in 2004 according to Energy Information Administration data - I’m sure that’s up a bit now with the higher fuel prices. That amount was about $870 billion (again in 2004). If we increased that 7.4% to 8.5%, we would cover the US share of that 1.1% (although the US will probably need to spend at a higher rate than some places, but lower than others).
It’s a lot of money, no doubt. But it’s not a huge increase over what we’re now spending on energy. The bottom line is that this is not a death sentence, and we should not pay much attention to those who say it is. (Edit - I don’t mean to imply that the OP was in a panic, but I just read through the Obama-climate thread which was clearly designed to instill panic amongst the gentle Doper community.)
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Claiming that spending some incredibly huge amount of money is OK because it’s only 1.1% of some even huger number is meaningless. That’s like saying “your kid’s gonna die, but its no problem, it’s only 1% of the kids in the town, so it’s no big deal” … spending $45 trillion dollars would make this one of the largest projects humans have ever undertaken. Saying “deep breaths everyone” is a meaningless and insulting response to people who might be seriously (and rightly) concerned by someone proposing the largest project in human history, especially when the project is based on untested, unverified computer models and may not even work.
The issues are a) will spending the money actually cut emissions in half?, and b) will cutting emissions in half make a significant difference in the climate, and c) do we have other very important places to spend $45 trillion dollars?
Given the fact that, despite spending billions of dollars, most of the European economies have not been able to reduce their CO2 emissions at all, much less in a significant manner, the odds seem to be against a).
The answer to b) is unknown at this point. There are some people who say yes, some who say no, but the jury is still out – it is an experiment which has never been done.
And given the huge and pressing nature of the problems of the world, the answer to c) is clearly yes.
A trillion dollars is a huge, insane, almost unimaginable amount of money. If someone had started a business when Jesus was born, and that business lost an incredible amount, say a million dollars a day, would his business have lost a trillion dollars in the last 2000 years?
Nope … not yet. A million a day for two thousand years, that’s not a trillion.
They are proposing spending a trillion dollars, not over 2000 years, but each and every year for 45 years on this boondoggle. That’s about three billion dollars a day, each and every day, for forty years … to maybe guard against a possible threat … while we have people living on a dollar a day, children sold into sex slavery, babies dying for lack of clean water, AIDS ravaging Africa, girls without education, and my friend’s kid dying of malaria.
Me, if I had three billion a day to spend, I’d spend it on that … but YMMV …
w.
PS - the crazy part is that, of course, no one thinks that spending $45 trillion dollars will give us a good climate, or even a friendly climate, or anything but the same old shitty climate we’ve always had. You know that climate, the same sweet, lovable climate that has killed hundreds of thousands of people every year for the entirety of all recorded history? I’d pay $45 trillion for a good climate, a climate that didn’t do that kind of shit … but paying huge bucks for a climate that freezes us and roasts us and drowns us at a rate of knots, on the off chance that will keep that same ratbag, murderous climate from maybe getting a little bit worse, doesn’t make sense to me.