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The common estimates for total switch to net-zero are 100-200% of GDP which for the US is 27-54 trillion. The most common idea is to spend 3-5% of GDP per year
by oezi 2y ago
The common estimates for total switch to net-zero are 100-200% of GDP which for the US is 27-54 trillion.
The most common idea is to spend 3-5% of GDP per year for the transition (750-1250 bn USD per year for the US) over the next 30 years. Certainly a significant sum, but also not too much to shoulder.
- _w1tm 2y agoIt’s also cheaper than dealing with the exponentially increasing costs of climate adaptation.