Once again, it is cheaper to decarbonize our world now than to pay for the costs of climate damage in the future. “Climate damages by 2050 will be 6 times the cost of limiting warming to 2°.”
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Comments 2
It's obvious though that the upfront costs are likely privatized (industry adaptation and the costs of regulation) while the backend costs will be socialized (FEMA and other disaster response, local and state governments dealing with the effects of migration, etc), which is why it won't happen without aggressive national and multinational intervention, which is why it won't happen at all.
That's not how modern business works unless forced which is where uniting and voting in leaders who would bring such pressure comes in; again.
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