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"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

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)
#auspol
Jesse
So it would be sensible for the Australian government to be spending at least $100 billion a year on reducing emissions and helping other countries reduce emissions. right?....right?

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
#climatecrisis #auspol
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