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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Sdgla who wrote (2650)	9/23/2011 11:06:59 PM
From: Wharf Rat	1 Recommendation Read Replies (1) \| Respond to of 85487

The one real study I've seen was the Brit's Stern Report, which said cost was 1% of world GDP/year. I think he are too high on the CO2 levels, tho. Now Stern sez it's happening too fast, and we need 2%. That's the cost of conversion. No mitigation costs in it, I think. He sez doing nothing will cost 5 % of world GDP/year, and may reach 20%. (Texas drought, Mi/Mo River flooding, NY, VT flooding, for instance.) How long? USG's Hirsch Report said 20 years to work thru the peak oil crunch if we waited until we hit peak oil, so I figure 25 years from now. Hirsch now sez "Not to worry; we'll be thru it by 2050". Geoengineering? Who knows? That's Hail Mary time. Be better not to let it go that far. It's not like that 1 or 2% is being burned. It goes to buy a panel or a wind turbine or for the tower for a wind turbine, or for wages in a PV plant, and, eventually, some of it into the pocket of the owner of an electric car company.