Americans Will Pay Billions More For Climate Change, and That’s the Best Case

[88m3]

Got around to reading some articles about this today and figured I'd drop a few



Americans Will Pay Billions More For Climate Change, and That’s the Best Case
A grim U.S. government assessment of global warming’s economic impact gives a whole new meaning to Black Friday.

Bloomberg - Are you a robot?

Climate May Force Millions to Move and U.S. Isn’t Ready, Report Says

Bloomberg - Are you a robot?

 

[Secure Da Bag]

More news. Financial firms tell the UN and G20 countries: Fix climate and face global financial crash.

Tackle climate or face financial crash, say world's biggest investors

Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.

The investors include some of the world’s biggest pension funds, insurers and asset managers and marks the largest such intervention to date. They say fossil fuel subsidies must end and substantial taxes on carbon be introduced.

'Brutal news': global carbon emissions jump to all-time high in 2018
Read more
Ministers arrive at the UN climate summit in Katowice, Poland, on Monday for its crucial second week, when the negotiations on turning the vision of the Paris agreement into reality reach a critical point, with finance for fighting global warming a key area of dispute.

“The long-term nature of the challenge has, in our view, met a zombie-like response by many,” said Chris Newton, of IFM Investors which manages $80bn and is one of the 415 groups that has signed the Global Investor Statement. “This is a recipe for disaster as the impacts of climate change can be sudden, severe and catastrophic.”

Investment firm Schroders said there could be $23tn of global economic losses a year in the long term without rapid action. This permanent economic damage would be almost four times the scale of the impact of the 2008 global financial crisis. Standard and Poor’s rating agency also warned leaders: “Climate change has already started to alter the functioning of our world.”

 

[Serious]

I peeped this earlier in the week:

 

[hashmander]

More news. Financial firms tell the UN and G20 countries: Fix climate and face global financial crash.

Tackle climate or face financial crash, say world's biggest investors

now they're realizing it? damn that means it's really too late for us.

 

[Pressure]

So you're saying the government is trying to bail out earth with my tax dollars?

I think we should let this earth fail and see what the market comes up with.

 

[ORDER_66]

these cacs & their greed have doomed us all... and when it ends I hope they all go first realistically...

 

[phcitywarrior]

Global carbon tax huh. Moving the goal posts a bit.

African nations that havent developed gonna have to play catch up again.

 

[Micky Mikey]

So you're saying the government is trying to bail out earth with my tax dollars?

I think we should let this earth fail and see what the market comes up with.

By the time there is a feasable and "cheap" market solution we'll be edging towards extinction. The problem is that capitalism cannot solve this problen faster than the rate of this impending global catastrophe. Iron fisted, poor, dirty red communism is the only solution but that is a bad word. Capitalism and greed is what got us into this shythole and if you think its going to save us in time I have a bridge in lower manhattan I can sell you.

 

[Pressure]

By the time there is a feasable and "cheap" market solution we'll be edging towards extinction. The problem is that capitalism cannot solve this problen faster than the rate of this impending global catastrophe. Iron fisted, poor, dirty red communism is the only solution but that is a bad word. Capitalism and greed is what got us into this shythole and if you think its going to save us in time I have a bridge in lower manhattan I can sell you.

Sucks when you fail to pick up on sarcasm :bartermad:

 

[Micky Mikey]

Global carbon tax huh. Moving the goal posts a bit.

African nations that havent developed gonna have to play catch up again.

And sadly it will be the African nations that get hit the hardest initially from this looming catastrophe. the west have essentially waged climate genocide on poor black and brown people. However, there is no ultimate winner this time

 

[ORDER_66]

Tony Stark would have given us Arc reactor technology and we would have had flying cars by now but... in the real world a person that can create a pure powerful clean power source without digging into the earth, they'll be killed for it because he'll upset the natural order... let's keep it 100...

These fukks could have been had spaceships and shyt like that but these muthafukkas only concerned with making bombs and missiles...

 

[Micky Mikey]

Sucks when you fail to pick up on sarcasm :bartermad: