The Surprisingly Low Price Tag on Preventing Climate Disaster

. We can protect the most vulnerable populations from climate disasters, become better ancestors to future generations, and create a more prosperous economy in the process.. We should bring it into focus, not merely in order to give people hope, but even more so because it can be translated into a concrete political plan of action. We have learned in recent years to define our goal in terms of one number: 1.5°C. We can define the means to do this with another number: 2%.

Of course, unlike the 1.5°C figure, which is a scientifically robust threshold, the 2% figure represents only a rough guesstimate. It should be understood as a ballpark figure, helpful to frame the kind of political project humanity requires. It tells us that preventing catastrophic climate change is a totally feasible project, even though it would obviously cost a lot of money. Since global GDP is now about $85 trillion USD, 2% currently totals about $1.7 trillion.

Politicians are actually very skilled at shifting 2% of resources from here to there. It is what they do all the time. The difference between the policies of right-wing and left-wing parties often amount to a few percentage points of GDP. When faced by a major crisis, politicians swiftly shift far more resources to fight it. For example, in 1945, the U.S. spent about 36% of its GDP on winning theDuring the 2008–09 financial crisis, the U.S. government spent about 3.

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