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> According to the new report by research firm Rhodium Group, the US needs to spend roughly $100 billion a year on CDR in order to scale up to a level that woul
by blagie 3y ago
> According to the new report by research firm Rhodium Group, the US needs to spend roughly $100 billion a year on CDR in order to scale up to a level that would help the country meet its climate goals.
That's not expensive. That's less than $300 per person per year.
The US spends $800B on military. If $100B were to make a dent in climate change, that's a bargain.
I'd consider the US spending anything short of $1T / year here reasonable, sustainable, and likely economically-beneficial. That's about 3% of GDP, for reference.
The reason for having a military is to be disaster-ready. Even medical spending is something like 1/3 of our GDP, and reducing pollution would help there. Any way you run the numbers, $100B is not much here, and critically, those costs would go down as we invest and technology improves.
I'm very far from the far-left fringe in terms of believing in some of the horror stories around climate change -- the discourse is polarized -- but even taking relatively right-wing estimates of impact, it's hard to see how a spend on that order is not justified.
The problem here is people don't see the difference between large numbers. $5M, $5B, and $5T all simply look "big."