3 ms·
The same report you linked (https://www.ucl.ac.uk/bartlett/energy/sites/bartlett/files/cdp-gdp-report-2020.pdf https://www.ucl.ac.uk/bartlett/energy/sites/bartl
by PeterisP 5y ago
The same report you linked (https://www.ucl.ac.uk/bartlett/energy/sites/bartlett/files/cdp-gdp-report-2020.pdf https://www.ucl.ac.uk/bartlett/energy/sites/bartlett/files/c... page 10) includes interesting parts regarding e.g. climate change damage to agriculture like "temperate regions in Canada, US and Europe have positive GDP impacts whilst negative impacts are expected in India, other developing Asia, the Middle East, Central and South America." It does not go into that detail for the other types of damage because there it's just different rates of negatives, however, it's reasonable to assume that the regional differences there are also just as large.
It's hard for politicians to ask a Kansas farmer for a large extra tax for CO2 removal if the main justification of it is that it eventually will prevent much larger costs to someone else overseas.
In essence, policy decisions are made on a national level, mostly by people accountable to their own citizens and needing their approval (no matter if in democractic elections or needing to sustain their authoritarian power) - and you can't match national costs (since any decision to pay or invest will be national) versus global benefits of mitigation, you need to consider what the local consequences of doing nothing are going to be as that is what is going to drive all the actual action and decisions even while the same politicians make empty talks about global solidarity.