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
if statements | Intro to CS - Python | Khan Academy
We can use Boolean expressions to ask questions in our programs, but how can we branch control flow based on the answer? To do that, we need conditionals. Conditionals form the basis of selection; they allow the computer to decide which code to run depend…
Thought Experiments No One Can Solve
What if I told you that you died last night in your sleep and that your body and mind have been replaced by an exact replica of you, a clone who has all the same characteristics and memories that you had? Impossible, you’d probably reply. But can you prov…
Computing a Jacobian matrix
So just as a reminder of where we are, we’ve got this very nonlinear transformation. We showed that if you zoom in on a specific point while that transformation is happening, it looks a lot like something linear. We reasoned that you can figure out what l…
Short, medium and long term financial goals | Financial goals | Financial literacy | Khan Academy
So it’s very likely that you have different financial goals over different amounts of time. For example, you are likely, or maybe you should have, long-term financial goals. Long-term financial goals are like: I want to make sure I have enough money for r…
Tornado Tree Mind Twister
Okay, smart man with your smart physics degree, let’s say your state gets ravaged by tornadoes. You go to the local EMA volunteer center; you volunteer. You and some buddies go out with chainsaws and try to do the best work you can to help people. Okay, …
Parallel resistors (part 1) | Circuit analysis | Electrical engineering | Khan Academy
In this video, we’re going to look at another familiar pattern of resistors called parallel resistors. I’ve shown here two resistors that are in parallel. This resistor is in parallel with this resistor, and the reason is it shares nodes. These two resist…