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It’s not. Projections say that global gdp will shrink 18% by 2050 because of climate change [1]. [1] https://www.swissre.com/media/press-release/nr-20210422-ec
by vegetablepotpie 3y ago
It’s not. Projections say that global gdp will shrink 18% by 2050 because of climate change [1].
[1] https://www.swissre.com/media/press-release/nr-20210422-economics-of-climate-change-risks.html https://www.swissre.com/media/press-release/nr-20210422-econ...
- graemep 3y agoThat seems mostly to be talking about rising sea levels etc. I read GP as talking about the positive impact on GDP of rebuilding, and with the intent of pointing out that GDP is a flawed metric.
- ThalesX 3y agoI forgot about this and had a busy week, but yes you nailed it. The other commenters are also right in pointing out the obvious flaws of GDP with or without meaning to, but you understood the spirit of the comment.
- acdha 3y agoI think the key part is reminding people that it’ll be worse if we don’t act. The work of adapting won’t be cheap but it’s positive work in the right direction, boosting GDP when it would otherwise be falling chaotically.