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A third of Pakistan, a country 1.2 times the size of Texas, is underwater due to climate change related flooding. Can the first world ever really fully repay fo
by culi 4y ago
A third of Pakistan, a country 1.2 times the size of Texas, is underwater due to climate change related flooding. Can the first world ever really fully repay for all the damage they've done. It seems that a genuine effort to would completely bankrupt them. How much growth in GDP would be wiped away if we truly put an effort into internalizing these "economic externalities"?
- deleted 4y ago[deleted]
- the_jesus_villa 4y agoOn the other hand, a lot of GDP would be saved if we stopped putting countries one third underwater!
- ghouse 4y agoIt will only get worse from here. Maybe instead of arguing whether externalities should be internalized, maybe we consider how much of the externality should be internalized.
- closewith 4y agoA recent episode of the podcast More or Less addressed that statistic. It turns out that 40% of provinces in Pakistan have declared an emergency due to flooding. Only (a still enormous and heartbreaking) 10-12% of the country is actually under water.