this post was submitted on 07 Jun 2024
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That doesn't sound too bad.
Technically yes, but politicians start freaking out as it would lower GDP a few percent too.
I think the technical term is: But muh ecomnomie!
They're going to say that anyway when the real cost of warming hits. Calculation about that says GDP -30% to -50%. But that's for the next legislature I guess.
Yes, for politicians the cost is always lower to kick the can into the next administration's term. Unfortunately it becomes more and more expensive for the rest of us.
In the end, they'll have kicked so many cans down the road that the huge pile is blocking the way.