The Surprisingly Low Price Tag on Preventing Climate Disaster

.@harari_yuval on the surprisingly low price tag on preventing climate disaster

1/19/2022 1:03:00 PM

.harari_yuval on the surprisingly low price tag on preventing climate disaster

Exactly how much would it cost to stop the apocalypse? Yuval Noah Harari crunched the numbers

This wonderful piece of news has somehow been sidelined in the heated debate aboutclimate change. 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%. Increase investment in eco-friendly technologies and infrastructure by 2 percentage points above 2020 levels.

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harari_yuval I owe you an apology to ever doubt your sincerity and professionalism. MarkBromfield00 was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life

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‘It’s a total disaster’: Omicron lays waste to India’s huge wedding seasonDistraught couples face prospect of cutting guest lists from more than 600 people down to just 20 after coronavirus variant took hold a wedding list from 600 down to 20 is a headache for these people !!! omg this tradition is 100% a fools tradition right now as we are all living in a pandemic!!! get married and be done with it!! celebrate on your own if you must be married!! dont bring covid into it Thanks a lot China British magazine *The Gurdian* wrote the article, rase of Omicron Cases in India because of *Hindus marriage season* What happened on 25th Dec/1st Jan ? Have you spoke on this ? Why western media always targets hindus & hindusfestivals wakeuphindus

. 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. This wonderful piece of news has somehow been sidelined in the heated debate about climate change . 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%. Increase investment in eco-friendly technologies and infrastructure by 2 percentage points above 2020 levels. 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. It means that to save the environment, we don’t need to completely derail the economy or abandon the achievements of modern civilization. We just need to get our priorities right. Read mor Climate Crises Dominated 2021. But These Innovations Offer Some Hope Signing a check for 2% of annual global GDP is far from the whole story. It won’t solve all our ecological problems, such as oceans brimming with plastic or the continued loss of biodiversity. And even to prevent catastrophic climate change, we’ll need to make sure that the funds are invested in the right places and that the new investments don’t cause their own negative ecological or social fallout. If we destroy ecosystems to mine for rare metals that are needed for the renewables industry, we might arguably lose as much as we gain. We will also need to change some of our behaviors and ways of thinking, from what we eat to how we travel. None of that will be easy. But that’s exactly why we have politicians—their job is to deal with the hard stuff. 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 the Second World War . During the 2008–09 financial crisis, the U.S. government spent about 3.5% of GDP to save financial institutions deemed “too big to fail.” Maybe humankind should also treat the Amazon rain forest as “too big to fail”? Given the current price of rain-forest land in South America and the size of the Amazon rain forest, buying the whole of it in order to protect local forests, biodiversity and human communities from destructive business interests would cost about $800 billion, or a one-off payment of less than 1% of global GDP . In just the first nine months of 2020, governments around the world announced stimulus measures worth nearly 14% of global GDP to deal with the