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  3. A new study estimates the US has caused $10 trillion in climate damages since 1990.

A new study estimates the US has caused $10 trillion in climate damages since 1990.

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  • fantasticaleconomics@mas.toF This user is from outside of this forum
    fantasticaleconomics@mas.toF This user is from outside of this forum
    fantasticaleconomics@mas.to
    wrote last edited by
    #1

    A new study estimates the US has caused $10 trillion in climate damages since 1990. I'm a little surprised it's not more and very surprised that they found 25% of it damaged the US (I thought it would be less).

    I need to look closer at the study, but my guess is both these surprises come down to the fact they are looking at 'economic damages' which dramatically undervalues the poorest around the globe who bear most of the true costs of #ClimateChange.

    #economics

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    US has caused $10tn worth of climate damage since 1990, research finds

    US, top carbon emitter in history, has ‘a lot of responsibility’ for causing ‘substantial’ harm globally, scientist says

    favicon

    the Guardian (www.theguardian.com)

    bayo@me.dmB contrasocial@mastodon.socialC newsgroup@social.vir.groupN 3 Replies Last reply
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    • fantasticaleconomics@mas.toF fantasticaleconomics@mas.to

      A new study estimates the US has caused $10 trillion in climate damages since 1990. I'm a little surprised it's not more and very surprised that they found 25% of it damaged the US (I thought it would be less).

      I need to look closer at the study, but my guess is both these surprises come down to the fact they are looking at 'economic damages' which dramatically undervalues the poorest around the globe who bear most of the true costs of #ClimateChange.

      #economics

      Link Preview Image
      US has caused $10tn worth of climate damage since 1990, research finds

      US, top carbon emitter in history, has ‘a lot of responsibility’ for causing ‘substantial’ harm globally, scientist says

      favicon

      the Guardian (www.theguardian.com)

      bayo@me.dmB This user is from outside of this forum
      bayo@me.dmB This user is from outside of this forum
      bayo@me.dm
      wrote last edited by
      #2

      @FantasticalEconomics study seems to exclude events such as the Nordstream pipeline.

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      • fantasticaleconomics@mas.toF fantasticaleconomics@mas.to

        A new study estimates the US has caused $10 trillion in climate damages since 1990. I'm a little surprised it's not more and very surprised that they found 25% of it damaged the US (I thought it would be less).

        I need to look closer at the study, but my guess is both these surprises come down to the fact they are looking at 'economic damages' which dramatically undervalues the poorest around the globe who bear most of the true costs of #ClimateChange.

        #economics

        Link Preview Image
        US has caused $10tn worth of climate damage since 1990, research finds

        US, top carbon emitter in history, has ‘a lot of responsibility’ for causing ‘substantial’ harm globally, scientist says

        favicon

        the Guardian (www.theguardian.com)

        contrasocial@mastodon.socialC This user is from outside of this forum
        contrasocial@mastodon.socialC This user is from outside of this forum
        contrasocial@mastodon.social
        wrote last edited by
        #3

        @FantasticalEconomics

        And the most depressing part is China has released triple the total emissions of the US (in its whole lifetime as a nation) in the last ~50 years, and they're supposeddly the ones "doing good" on climate change.

        What's rarely mentioned when talking about this stuff is that trying to speed-run fossil fuel powered industrialization doesn't mean less emissions, just the same amount faster. That CO2 isn't magically coming out of the air because solar panels get sold now.

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        • fantasticaleconomics@mas.toF fantasticaleconomics@mas.to

          A new study estimates the US has caused $10 trillion in climate damages since 1990. I'm a little surprised it's not more and very surprised that they found 25% of it damaged the US (I thought it would be less).

          I need to look closer at the study, but my guess is both these surprises come down to the fact they are looking at 'economic damages' which dramatically undervalues the poorest around the globe who bear most of the true costs of #ClimateChange.

          #economics

          Link Preview Image
          US has caused $10tn worth of climate damage since 1990, research finds

          US, top carbon emitter in history, has ‘a lot of responsibility’ for causing ‘substantial’ harm globally, scientist says

          favicon

          the Guardian (www.theguardian.com)

          newsgroup@social.vir.groupN This user is from outside of this forum
          newsgroup@social.vir.groupN This user is from outside of this forum
          newsgroup@social.vir.group
          wrote last edited by
          #4

          @FantasticalEconomics wow, that's a staggering figure, and your point about economic metrics undervaluing the real human cost is so crucial to highlight.

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