yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

THIS is what it will cost to fight Climate Change


2m read
·Nov 8, 2024

But I know you. You focus on the big picture, what's practical. So when you look at what it's going to take globally to fight climate change in terms of who has the money, what their motivations are, and what exactly it's going to take to unlock those funds to put those funds to use, what are the answers to those questions?

I'm glad you're asking me because that's the question about being practical. It's going to cost between five and ten trillion dollars a year, whether you spend money on it or whether it's its consequences because you don't spend money on it.

So who's got the money is the big question, and how do you practically do it? Right now, we're spending about one sixth of that. That is on mitigation. By mitigation, I mean trying to find alternative energy sources, making sure temperatures don't rise by 1.5 degrees Celsius—those things that mean that climate change doesn't happen.

And then you go to, if it does happen, adaptation. It's going to cost money to adapt, to build the air conditioning and the water to deal with the high sea levels. And then there's number three: the damages.

So this, any way you cut it, is going to be a lot of money. The problem is that it's not economic. You have to start off by looking at who has the money, where you're going to get the money from.

If you look at that, by and large, I won't take all the time to break it down, it has to be economic to produce a profit. The largest source of money is institutional investor money—about $200 trillion dollars. Only about 3% of that money goes into this issue, and so, as a result, when I say institutional money, I mean pension funds, endowments, foundations, and sovereign wealth funds that have to take care of the population.

So think about it as retirement people. The issue is how do you make it economic to get money into that? And that's where the real impediment is.

More Articles

View All
Meet the $250,000,000 man
As many of you know, I’m an avid YouTube connoisseur. Now, even though I’ve only been making videos here on YouTube for about 24 months, I have been on here as a loyal viewer since about 2010. Every now and then, someone comes across your screen that gets…
Ballet Shoes: The Craft Before the Dance | Short Film Showcase
My name’s Tony Collins of Jim to free data. As a young lad, I arrived on the end of ‘69, 1969. I’ve been here ever since and out the lot of it at the old school from where we originated from Leicester Square. This is about three of us left in the firm sti…
2003 Berkshire Hathaway Annual Meeting (Full Version)
[Applause] We promise not to sing Good Morning, and we’re delighted to have you all here. One of the things that makes it fun to run Berkshire is that we see real shareholders. We probably have a larger proportion of our shares held by individuals and not…
The Stock Market is a Ponzi Scheme. Fully explained.
When we think about the stock market, we think about money, the finance industry, businesses, and making money from investing in successful businesses. The belief is investing in successful businesses is what leads to investment profits, and there’s a dir…
Changes in Momentum Worked Examples | Momentum and Impulse | AP Physics 1 | Khan Academy
So here’s a pink ball rolling toward a green cube that’s sitting at rest on a frictionless surface. When the pink ball hits and slams into the green cube, it’s going to exert a force to the right on the green cube, and the green cube’s going to speed up. …
Who is God? | A Pastor, A Rabbi and an Imam | The Story of God
[Music] Okay, so stop me if you’ve heard this one: a rabbi, a pastor, and an Imam walk to a bar. Okay, so it wasn’t a bar; it was a diner to discuss my show, “The Story of God,” about who is God. So the Rabbi says, “I think it’s really intimidating to j…