It’s always some sort of future doom with this crowd
Climate Change Could Cut the Economy in Half. We’re Not Ready for It.
Later this century, sometime toward my teenage son’s late middle age, climate change might torch 50 percent of the world’s gross domestic product. I’ll say that again. Sometime around 2070–2090, climate change could be doing so much damage to ecological and human systems, and the links between them, that the global economy could contract by half. (For comparison: The U.S. economy shrank by roughly 30 percent in the Great Depression.)
This projection may sound exaggerated to the point of being implausible. Yes, two entire regions of Los Angeles burned to the ground last week. Yes, preliminary estimates of the cost of this one disaster range from $40 to $250 billion. But U.S. GDP is roughly $27 trillion; global GDP $107 trillion. Wouldn’t the U.S. and world economies be orders of magnitude more gigantic by 2070? Surely climate change couldn’t wipe out all that wealth?
No, it doesn’t sound implausible, it sounds like the ravings of a fruitcake doomsday cult
According to the U.K. Institute and Faculty of Actuaries, it could. Actuaries are mathematicians who assess economic risk for banks, insurance companies, and governments. The Institute and Faculty of Actuaries, or IFoA, is the professional association that regulates actuaries in the United Kingdom; it traces its roots to the nineteenth century. It’s hardly an environmental advocacy group, let alone a radical one. Yet last week it released a study in collaboration with scientists at the University of Exeter showing that economists have severely underestimated the potentially catastrophic economic costs of global heating. Again, worst-case scenario, we lose 50 percent of GDP this century.
Even understanding the credentials behind the study, many people will still find this figure implausible. Why is that? Humanity is entering a climate regime that has no precedent in our species’ history. The last time there was this much carbon dioxide in the atmosphere, the oceans were so much higher that the eastern coastline of what would become North America ended about one hundred miles west of where it is currently. The Arctic, now largely a frozen wasteland, was a lush pinewood populated by giant camels. And our economy is adding greenhouse gases to the atmosphere faster than any other phenomenon in geological history has ever done. It is absurd to imagine that severely damaging the climate would not severely damage the economy, which relies on a stable climate, even in the coming decades.
Just complete wackos. Can’t this cult be like other cults and just leave other people out of it?
Too bad Jim Jones doesn’t control the global warming cult.
Do you wish all those that recognize global warming would die? You must be a MAGA christian!!
‘Never seen anything like this’: Trump’s team halts NIH meetings and travel
https://wattsupwiththat.com/2025/01/24/the-tide-of-accountability-is-finally-rolling-in/
MAGA47 – New Sheriff In Town
Relax. Americans decided last November that we will not address global warming. We know that China is kicking the can down the road as well. Americans are the most optimistic of humans, understanding that our gods like Elon Musk will save the world. Regardless of what the eggheads bleat, the One True God will not let His World, His People, suffer. Relax, we got this. And if we don’t, our grandcildren and great-grandchildren will.
Secretary Pete Hegseth’s Message To The Troops:
https://commoncts.blogspot.com/2025/01/secretary-pete-hegseths-message-to.html
“Could.”
“May.”
“Might.”
“Maybe.”
Nice to know the Global Whining contingent is still consistent. They’re idiots, but they hold tight to their incoherent message.
This is the language of science. You should know that by now. Scientists are very sensitive about “getting out over their skis” on claims.
Scientific theories and even “facts” are provisional – meaning they can be upset with further evidence! “Proof” is provisional!!
Scary, isn’t it? So much uncertainty. It’s all about probabilities.
Some claim that the Y chromosome is all that’s needed to be a male, yet few males have had their Y chromosomes identified (called ‘karyotyping)! The probability that someone who identifies as a male has the Y chromosome “may”, “probably”, “might”, “may be” 99.9%, but we know that some ‘males’ have no Y!!
Based on current data, a scientific consensus has emerged that the theory of AGW (human-generated CO2 is causing an increase in the mean global surface temperature) is 95% likely. Of course, it is possible that evidence will refute this and the consensus will change!