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399 points gmays | 1 comments | | HN request time: 0s | source
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oezi ◴[] No.42166179[source]
Looking into the numbers a couple if months ago I was surprised how little it costs to stop climate change.

On the order of 100-200 trillion USD. Which is roughly 100-200% of global yearly GDP. Or 2-5% of yearly GDP until 2050. This could well be provided by printing money at all the federal reserve banks.

This investment will likely bring in a positive return on investment because it reduces the negative climate impacts.

Without such investments the downstream costs in climate change adaptation will be very expensive

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Panino ◴[] No.42166281[source]
> I was surprised how little it costs to stop climate change.

If you read Drawdown, you'll see that it doesn't cost money to stop climate change, it saves money.

https://drawdown.org/the-book

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baq ◴[] No.42166369[source]
I don’t like that we’re even talking about money in this context. Money is almost fake, it’s right there in the ‘fiat’ name, yet that’s all most people care about.
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1. lukan ◴[] No.42166666[source]
Just because it is not solid, does not mean it is not real.

As long as it has value to people - it is real.

Meaning, as long as you can use it to buy things. And that is what people care about.

That stops the moment, people don't believe in the currency anymore. Then they will either use a different currency they do trust - or go back to trade little pieces of gold.