{"id":265891,"date":"2023-07-07T13:04:06","date_gmt":"2023-07-07T11:04:06","guid":{"rendered":"https:\/\/climatescience.press\/?p=265891"},"modified":"2023-07-07T13:04:09","modified_gmt":"2023-07-07T11:04:09","slug":"smh-au-300-trillion-is-needed-to-stop-global-warming-and-thats-a-bargain","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=265891","title":{"rendered":"SMH: \u201c[AU] $300 trillion is needed to stop global warming, and that\u2019s a bargain\u201d"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The preservation of civilisation is all yours, for the bargain price of US $196 trillion (AU $300 trillion).<\/p>\n\n\n\n

\n

$300 trillion is needed to stop global warming, and that\u2019s a bargain<\/strong><\/p>\n\n\n\n

Mark Gongloff
July 6, 2023 \u2014 8.45am<\/p>\n\n\n\n

What price tag would you put on preserving a functioning human civilisation? Would $300 trillion just about cover it? Could that even be a bargain?<\/p>\n\n\n\n

Bloomberg\u2019s green-energy research team, BNEF,<\/a> estimates in a new report this week it could cost $US196 trillion ($295 trillion) in investments to zero out the world\u2019s carbon emissions by 2050, as many countries have pledged to do, to avoid society-destroying global warming.<\/p>\n\n\n\n

It probably won\u2019t shock you to learn the world\u2019s net-zero pledges haven\u2019t yet been followed by the hard cash, or even promises of hard cash, necessary to make them a reality.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

As shockingly large as these numbers may seem, they are minimal compared with the likely price tag for doing nothing. Insurance giant Swiss Re has estimated<\/a> that runaway global warming could gouge $US23 trillion per year from global GDP, with developed economies possibly 10 per cent smaller than they should be in a cooler world. By such measures, spending $US200 trillion over 27 years sounds relatively cheap.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.smh.com.au\/business\/the-economy\/300-trillion-is-needed-to-stop-global-warming-and-that-s-a-bargain-20230706-p5dm2m.html<\/a><\/p>\n<\/blockquote>\n\n\n\n

The Swiss Re estimate of $23 trillion per year;<\/p>\n\n\n\n

\n

Climate change: The real costs to Asia Pacific<\/a><\/p>\n\n\n\n

Russell HigginbothamChief Executive Officer, Reinsurance SolutionsView profile of Russell Higginbotham<\/a><\/p>\n\n\n\n

23 Apr 2021<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Under the most negative \u2018business as usual\u2019 scenario, climate change will cost Asia more than a quarter (26.5%) of GDP by 2050. That\u2019s the highest regional toll after the Middle East and Africa (27.6%).<\/p>\n\n\n\n

Emerging Asia will bear the brunt of climate change impacts. Due to a combination of geography and lack of adaptive capacity such as climate mitigation infrastructure, markets like Indonesia, Malaysia, Thailand and the Philippines rank on the low e\u00adnd of the Index, while economies such as Japan, Australia, Hong Kong, Korea and Singapore score relatively well.<\/p>\n\n\n\n

However, the research demonstrates conclusively that there are no winners in a world of rising temperatures. In a most severe scenario Japan would lose 12% of GDP by mid-century, and Singapore 46.4% \u2013 roughly the same proportion as its less prosperous Southeast Asian neighbours.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.swissre.com\/risk-knowledge\/risk-perspectives-blog\/climate-change-cost-asia-pacific.html<\/a><\/p>\n<\/blockquote>\n\n\n\n

What can I say?<\/p>\n\n\n\n

To put these numbers into perspective, back in the 1950s Manhattan scientists discovered a means of building a manned starship<\/a> using 1950s technology (search the link for \u201cmomentum limited\u201d). The starship could have reached a top speed of 3.3% of the speed of light \u2013 just over a human lifetime to reach the nearest star. The estimated cost of one of these starships was 10% of the USA\u2019s annual GDP \u2013 around $2.3 trillion in today\u2019s dollars.<\/p>\n\n\n\n

With $300 trillion, We could build 130 of these starships and start colonising our corner of the galaxy.<\/p>\n\n\n\n

Don\u2019t forget folks, renewable energy is still cheaper than coal. Do I need a \/sarc tag?<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

With $300 trillion, We could build 130 of these starships and start colonising our corner of the galaxy.<\/p>\n","protected":false},"author":121246920,"featured_media":265895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691820863,691818056,691818090,691818154],"class_list":["post-265891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-300-trillion-dollars","tag-climate-change","tag-climate-warning","tag-net-zero","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/image-177.png?fit=1280%2C720&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-17az","jetpack-related-posts":[{"id":414086,"url":"https:\/\/climatescience.press\/?p=414086","url_meta":{"origin":265891,"position":0},"title":"COP30 Demands $1.3 Trillion \/ Year, $3.2 Trillion by 2035","author":"uwe.roland.gross","date":"11\/21\/2025","format":false,"excerpt":"If the climate cash doesn\u2019t arrive on time, demand more money?","rel":"","context":"In \"$1.3 trillion a year\"","block_context":{"text":"$1.3 trillion a year","link":"https:\/\/climatescience.press\/?tag=1-3-trillion-a-year"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/0AQO3J7syICTURDr04nuzDp7xaPj6NQqyE9PEq-7WrtKxR7CYW8fOsbYErHlGeXE-9ItKJehYFREheVU1Ug3QN07UhixMlDopKqRS2HoYlK-bAU3mLl_eCuLezUWUk4MR-1.jpeg?fit=1200%2C662&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/0AQO3J7syICTURDr04nuzDp7xaPj6NQqyE9PEq-7WrtKxR7CYW8fOsbYErHlGeXE-9ItKJehYFREheVU1Ug3QN07UhixMlDopKqRS2HoYlK-bAU3mLl_eCuLezUWUk4MR-1.jpeg?fit=1200%2C662&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/0AQO3J7syICTURDr04nuzDp7xaPj6NQqyE9PEq-7WrtKxR7CYW8fOsbYErHlGeXE-9ItKJehYFREheVU1Ug3QN07UhixMlDopKqRS2HoYlK-bAU3mLl_eCuLezUWUk4MR-1.jpeg?fit=1200%2C662&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/0AQO3J7syICTURDr04nuzDp7xaPj6NQqyE9PEq-7WrtKxR7CYW8fOsbYErHlGeXE-9ItKJehYFREheVU1Ug3QN07UhixMlDopKqRS2HoYlK-bAU3mLl_eCuLezUWUk4MR-1.jpeg?fit=1200%2C662&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/0AQO3J7syICTURDr04nuzDp7xaPj6NQqyE9PEq-7WrtKxR7CYW8fOsbYErHlGeXE-9ItKJehYFREheVU1Ug3QN07UhixMlDopKqRS2HoYlK-bAU3mLl_eCuLezUWUk4MR-1.jpeg?fit=1200%2C662&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":287817,"url":"https:\/\/climatescience.press\/?p=287817","url_meta":{"origin":265891,"position":1},"title":"Claim: $5.9 Trillion Government Money Grab Required for Climate Action","author":"uwe.roland.gross","date":"11\/13\/2023","format":false,"excerpt":"From Watts Up With That? Essay by Eric Worrall According to the Lowy Institute, \u201cMisplaced faith in private sector solutions delays the redistribution of trillions\u2026\u201d Private finance cannot lead the global response to climate change ARTH MISHRA\u00a0CONNOR O\u2019BRIEN Misplaced faith in private sector solutions delays the redistributionof trillions from developed\u2026","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Screenshot-2023-11-13-175309.png?fit=1200%2C580&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Screenshot-2023-11-13-175309.png?fit=1200%2C580&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Screenshot-2023-11-13-175309.png?fit=1200%2C580&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Screenshot-2023-11-13-175309.png?fit=1200%2C580&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0Screenshot-2023-11-13-175309.png?fit=1200%2C580&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":427246,"url":"https:\/\/climatescience.press\/?p=427246","url_meta":{"origin":265891,"position":2},"title":"Had been climate change the greatest financial scam in history?","author":"uwe.roland.gross","date":"02\/21\/2026","format":false,"excerpt":"Environmental scholar Bjorn Lomborg recently calculated that across the globe, governments have spent at least $16 trillion feeding the climate change industrial complex. 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Moonshots\u201d to Solve the Climate Crisis","author":"uwe.roland.gross","date":"07\/07\/2023","format":false,"excerpt":"All this comes hot on the heels of a reminder that\u00a0Swiss Re estimates US $196 trillion is required to fix the climate crisis.I can\u2019t remember the exact number, but I\u2019m pretty sure the actual US Apollo Mission moonshot didn\u2019t cost $196 trillion, even in inflation adjusted dollars.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0moonshot.jpg?fit=1200%2C730&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/0moonshot.jpg?fit=1200%2C730&ssl=1&resize=350%2C200 1x, 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