A Basic Fact of Ecological Economics

I’m gonna have to stop reading soon. I need to go to bed,
and I will need to be able to sleep then.

“Every degree of warming, it’s been estimated, costs a temperate country like the United States about one percentage point of GDP, and according to one recent paper, at 1.5 degrees the world would be $20 trillion richer than at 2 degrees. Turn the dial up another degree or two, and the costs balloon—the compound interest of environmental catastrophe. 3.7 degrees of warming would produce $551 trillion in damages, research suggests; total worldwide wealth is today about $280 trillion. Our current emissions trajectory takes us over 4 degrees by 2100; multiply that by that 1 percent of GDP and you have almost entirely wiped out the very possibility of economic growth, which has not topped 5 percent globally in over forty years.”

Wallace-Wells, David. The Uninhabitable Earth (p. 27). Crown/Archetype. Kindle Edition.


About Theoblogical

I am a Web developer with a background in theology, sociology and communications. I love to read, watch movies, sports, and am looking for authentic church.

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