• BastingChemina@slrpnk.net
    link
    fedilink
    arrow-up
    9
    ·
    1 year ago

    What ? Climate change is impacting negatively the economy ?

    No it’s not possible. Remember, 3°C of warming would only reduce the global GDP by 2.1%. (According to Nobel prize winner William Nordhaus)

    So please stop complaining, put a hat, pull your bootstrap and go back to the construction site. And try not to fall in the ground because you might get a third degree burn on the asphalt and we can’t afford a replacement since nobody want to work anymore.

    /s

    • Milksteaks [he/him]
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      Imagine how much money shipping companies will make/save when they can send cargo haulers where the ice caps used to be!

    • silence7@slrpnk.netOPM
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      The Nordhaus estimates were always known for having limited utility for large changes in temperatures.

      They assumed that damage to a sector wouldn’t matter much if it was currently a small part of the economy. For example, if agriculture was 2% of the US economy, and agricultural output went to zero, the result would be 2% damage to GDP. The real world doesn’t work that way though: people who are starving to death don’t work, so GDP would go to zero in that case.