The One Reason Why The Climate Crisis is Undefeatable

The tab keeps growing faster than we can count

Ricky Lanusse
Predict

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Source: @ed_hawkins

The planet is burning, the oceans boiling, and hurricanes are hitting unexpected locations. People are shocked, shaken, and struggling to understand the situation. How could this happen? Climate change used to be a Hollywood abstraction — now it’s become, all too suddenly, a devastating everyday reality.

And it’s beginning, at last, to enter the collective consciousness.

As it does, a fierce debate breaks out. Just how bad are things?

We don’t have an authoritative estimate of how much climate change is costing because: how can we objectively estimate the cost of Canada’s and Hawaii’s wildfires, ice-melting consequent loss of krill and marine-CO2-absorbing life, floods from Buenos Aires to Frankfurt and China?

The costs are mounting faster than we can count them.

What we’re left with is a spectrum

Morgan Stanley speculated a cost of 650 billion in 2018. A report from Swiss Re estimates climate change to shave as much as $23 trillion by 2050 (11 to 14 % off global economic output). That is an additional 850 billion a year, putting today’s expenses in the best-case scenario of 4,5 trillion.

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Ricky Lanusse
Predict

Patagonian skipping stones professional. Antarctic sapiens 🇦🇶 on https://rickylanusse.substack.com/