"Under existing global policies, Australia can expect a per annum $147 billion reduction in the economy by 2030. By 2040, the hit to GDP more than doubles to $350 billion and grows to $656 billion by 2050. "
How are we going to afford climate change?
https://reneweconomy.com.au/climate-damage-australia-faces-7-trillion-hit-to-standard-of-living/
#auspol
How are we going to afford climate change?
https://reneweconomy.com.au/climate-damage-australia-faces-7-trillion-hit-to-standard-of-living/
#auspol
Climate damage: Australia faces $7 trillion hit to standard of living | RenewEconomy
Australia's living standards are forecast to take a $7 trillion hit between now and 2050, according to 141 central banks, including Australia's Reserve Bank.Marion Rae (RenewEconomy)
Jesse •
In fact the Australian government spending the entire $600 billion budget on reducing emissions would still turn out to be a good investment.
#auspol #climatecrisis
Hugs4friends ♾🇺🇦 🇵🇸😷 hat dies geteilt