Economic damage from climate change six times worse than thought | A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found - eviltoast
    • NarrativeBear@lemmy.world
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      6 months ago

      Only way to make people change their ways, if it hurts the bottom line then action is usually taken.

      This is why government regulation should be harsher, and fines should be proportional to company income.

      If the fine is too low it just becomes the cost of doing business.

      • Rimu@piefed.social
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        6 months ago

        It might cost more overall but it will be different people paying that cost (taxpayers and poor, mostly) whereas if we took action now it would be the capitalists paying for it.

        • lefaucet@slrpnk.net
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          6 months ago

          New acronym just dropped.

          NIMQE - Not in my quarterly earnings! Pronounced Nimquee

          Example usage: The CEO, upon receiving word of a new bill that would drastically help reduce carbon emissions but also create a temporary negative pressure on their multinational’s earnings per share, pulled a suitcase full of cash from their file cabinet and walked out the door, calling up the governor to arrage a round of golf where they would declare NIMQE.

    • PixellatedDave@lemmy.world
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      6 months ago

      It all makes perfect sense Expressed in dollars and cents Pounds shillings and pence Can’t you see It all makes perfect sense

      • Roger Waters
  • Rimu@piefed.social
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    6 months ago

    A 3C temperature increase will cause “precipitous declines in output, capital and consumption that exceed 50% by 2100”

    Remember this is a global average. There will be places with a 100% decline.

  • Delusional@lemmy.world
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    6 months ago

    And oil companies are still bribing politicians to make things even worse so they can make more money. At what point do we take over the evil companies to stop them from destroying the planet we all live on?

  • anar@lemmy.ml
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    6 months ago

    Oh no not the gross domestic product!!

    Ironically one of the ways to fight climate crisis would be degrowth, which involves not caring about such things as the GDP

    • rothaine@beehaw.org
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      6 months ago

      Shhh if we tell them it hurts GDP, billionaires might start actually paying attention

  • InternetPerson@lemmings.world
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    6 months ago

    As I’ve always said, climate protection is economy protection. In the long run especially.

    But those fucks in charge are too short-sighted and narrow-minded.

    Short term profits are more important than long term financial survival. Or, in case of our climate, even survival at all.

  • mozz@mbin.grits.dev
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    6 months ago

    Six times and 12% is a massive understatement of what’s going to happen

    Absolutely massive

  • Teppichbrand@feddit.de
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    6 months ago

    Hear me out for a moment:
    We can solve a big chunk of this. Politicians want to be elected, so they do what the people want. Under capitalism, every receipt is a ballot paper. Our shopping, toys and short vacations are only possible through exploitation and destruction. If we understand this, we can make different choices and simply let things be. We change our minds, we stop doing it! That’s harder than moaning about politics, the economy and the system on the internet, because you really have to change something about yourself. Paying more money for products that are also available cheaply. But as long as we remain greedy, spoiled bargain hunters, nothing will change around us.
    Bonus points if you talk about it and go protest.

    • Teppichbrand@feddit.de
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      6 months ago
      • Join an initiative at your workplace, neighborhood or start one yourself
      • Join a group that engages in activism
      • Vote for the most ambitious climate candidates at all levels over the next 10 years
      • Buy everything used, second hand
      • Switch to green energy providers
      • Insulate your home
      • Eat less meat and more plant-based foods
      • Shift your banking and investments to benefit the environment
      • Switch to public transportation, bike or electric car
      • Stop flying