AS long ago as 2006 The Stern Review on the economics of climate change said it would take 1% of GDP to deal with climate change. And if we DID’NT it would cost 5 - 20% of GDP. - ThreadSky

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geoffpetty.bsky.social • 4 days ago

AS long ago as 2006 The Stern Review on the economics of climate change said it would take 1% of GDP to deal with climate change. And if we DID’NT it would cost 5 - 20% of GDP.

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sleeplessorphan.bsky.social•4 days ago

But 1% "now" is untenable to those in charge. They'll just let it go to rack and ruin

geoffpetty.bsky.social•4 days ago

Yes. Fossil fuel companies make more profit from oil than renewables. So they invest 95% in Oil and only 5% in renewables to maximise profit for shareholders. We need a carbon tax that puts a spanner in this engine or it will drive us to destruction. https://www.theguardian.com/commentisfree/2021/may/25/big-oil-companies-profit-green-renewables-fossil-fuels-net-zero?CMP=Share_iOSApp_Other

sleeplessorphan.bsky.social•4 days ago

I'm not into dictators but sometimes I would really like an adult in charge to make this happen!

geoffpetty.bsky.social•4 days ago

Caroline Lucas would be good.

geoffpetty.bsky.social•4 days ago

But Fossil fuel companies make more profit from oil than renewables. So they invest 95% in Oil and only 5% in renewables to maximise profit for shareholders. We need a carbon tax that puts a spanner in this engine or it will drive us to destruction. https://www.theguardian.com/commentisfree/2021/may/25/big-oil-companies-profit-green-renewables-fossil-fuels-net-zero?CMP=Share_iOSApp_Other

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