Quote from Lucrum:
I was watching a documentary on glacial ice the other night.
It was estimated that the world wide cost of rising sea levels would be in the trillions.
Assuming GW is a fact AND that it's man made AND that there is anything that can be done about it the first place.
What is the estimated cost of slowing or stopping MMGW and the subsequent sea level rise?
IOW is it even cost affective?
Are we going to spend as much or more trying to change the climate as we would anyway due to the changing climate?
Somewhere I've seen figures of 2-3% of GDP per year as the direct cost of reducing CO2 emissions for a country like the US. Can't remember the source of that. Wouldn't surprise me if that was too low.
It is certain that it is extremely difficult to come up with the cost of business as usual as there are so many possible scenarios and uncertainty about the rate of change of climate. Best case and worst case are likely to be very different.
There are a bunch of papers on http://realclimateeconomics.org/
