Over at the New York Review of Books Daily, Bill McKibbon writes about the how big oil is losing its “big”.
Read it here, from May 12, 2020.
A study published this week in the journal Nature by economists at the Beijing Institute of Technology calculated that while investments to reduce greenhouse gases in line with the Paris Accords would cost as much as $100 trillion by 2100, they would pay off by at least $127 trillion and possibly by as much as $616 trillion—mostly by avoiding the enormous toll that would be exacted by rising temperatures.
And if nations fail to meet the Paris goals? Then the economic pain by 2100, they said, could reach $792 trillion.