Roger doing Roger
Economists at Harvard, who presumably know what they are talking about, have finally woken up to the fact that destroying the economy means the economy gets destroyed. Meaning there is not some supernatural separation between, you know - climate change "out there" in the natural world - and the real manly world of getting on and making good money.
'A 3C temperature increase will cause “precipitous declines in output, capital and consumption that exceed 50% by 2100” the paper states.'
But they get to the point when they say:
“These magnitudes are comparable to the economic damage caused by fighting a war domestically and permanently.”
So the war goes on for 100,000 years - give or take, of course.
Main take away - YOU ARE NOT GOING TO GET YOUR PENSION.
Economic damage from climate change six times worse than thought – report | Climate crisis | The Guardianhttps://www.theguardian.com/environment/article/2024/may/17/economic-damage-climate-change-report