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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. …
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. …
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 …
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. …
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I agree that it’s a huge amount of money, and there are many things that we could do with that money. However, we tend not to do those things until it’s too late. My main point was that we spend this sort of money on a regular basis around the world - it’s just that people don’t see it.
One thing that no one has noted here is that the report points out that this is not a net increase in spending. In fact, the somewhat less agressive mitigation strategy analyzed by the IEA would be a net money saver - and that does not include any “monetized benefits” such as saving polar bears or reducing the potential for sea level rise or etc. That’s a direct benefit from using less energy. The $45 trillion amount does represent a net increase in expenses - not the full $45 trillion - but unfortunately I was not able to dig the net increase out of the executive summary of the report - it’s probably in the full report, which is only available for purchase.
You’re also right about the impact, or at least the perceived impact. If everything goes perfectly right, then we will all see…no change, or at least less change. Skeptics will continue to have a lot of fun pointing out the incredibly large amounts of money for the proverbial elephant repellent - the one where the guy has some bizarre object in his office he calls an elephant repellent, the visitor seems skeptical, and the owner points out there are no elephants in the room, ergo, success!
The problem with waiting to see if the experiment is a success is that by the time you are absolutely sure, it’s too late. This debate is going to go on for the next hundred or more years - if you could buy stock in debates, this is the one to get into, cause it’s only going to get more intense.
Interestingly, this is following exactly the same path as nearly all the health/environment debates of the past:
Stage 1 - It’s not a problem
Stage 2 - It may be a problem, but it has nothing to do with me
Stage 3 - It’s a problem, but the solution is impossible
Stage 4 - It’s a problem, and there are solutions, but those solutions are best applied to someone else
Stage 5 - It’s a problem, and there are solutions that would apply to me, but they’re way too expensive
Stage 6 - It’s a problem, there are solutions that I could do, but they are worse than doing nothing
Stage 7 - It’s a problem, we’re working on it, but there should not be any regulation
Stage 8 - It’s a problem, we’re leading the way, and there needs to be consistency in regulation
This is a continuum, and although there are various players in all stages, in general I think we’re moving from Stage 3 into Stages 4 and 5.