by Summary:
Climate change isn't just a future problem. It's a fire raging in our backyard. Yet, mainstream economics acts like it's a mere flicker. This is a delusion. When economists ignore the urgency, they play with fire. The consequences? Disastrous. Imagine building a house on a volcano. You might think the ground is stable. But beneath the surface, magma is bubbling. That's our economy today. We’ve ignored the signs. The earth is heating up faster than we can adapt. Mainstream economists cling to outdated models. They treat climate change like a minor adjustment. But the reality is far more severe. Ignoring tipping points is like ignoring a ticking time bomb. When it explodes, it won’t be pretty. The data is clear. Rising temperatures disrupt agriculture,
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Climate change isn't just a future problem. It's a fire raging in our backyard. Yet, mainstream economics acts like it's a mere flicker. This is a delusion. When economists ignore the urgency, they play with fire. The consequences? Disastrous. Imagine building a house on a volcano. You might think the ground is stable. But beneath the surface, magma is bubbling. That's our economy today. We’ve ignored the signs. The earth is heating up faster than we can adapt. Mainstream economists cling to outdated models. They treat climate change like a minor adjustment. But the reality is far more severe. Ignoring tipping points is like ignoring a ticking time bomb. When it explodes, it won’t be pretty. The data is clear. Rising temperatures disrupt agriculture,
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Climate change isn't just a future problem. It's a fire raging in our backyard. Yet, mainstream economics acts like it's a mere flicker. This is a delusion. When economists ignore the urgency, they play with fire. The consequences? Disastrous. Imagine building a house on a volcano. You might think the ground is stable. But beneath the surface, magma is bubbling. That's our economy today. We’ve ignored the signs. The earth is heating up faster than we can adapt. Mainstream economists cling to outdated models. They treat climate change like a minor adjustment. But the reality is far more severe. Ignoring tipping points is like ignoring a ticking time bomb. When it explodes, it won’t be pretty. The data is clear. Rising temperatures disrupt agriculture, economies, and lives. The 23% drop in global income by 2100 is not a mere statistic. It's a wake-up call. Yet, economists still argue over abstract models. They forget the human cost. We need to shift our perspective. Instead of seeing climate change as a distant threat, We must view it as an immediate crisis. The time for debate is over. Action is required now. If we don’t change course, We risk losing everything we’ve built. The stakes are high. Our survival depends on it. Let’s not wait for the volcano to erupt. Let’s act before it’s too late. |
But this needs a shrinking economy. How do we shrink it?
There is a CO2-budget we do have and which is the maximum of fossile CO2, we are allowed to emit.
This translates directly into a maximum of fossile fuels available to us.
A couple of years ago we did an estimate, when Germany does reach its limit when emittig as much as it does every year. Without change, it will use up its budget in 2027 (when I remember it correctly).
We do have 2024.
So Germany does have the following energy budget:
3 years amount of fossil energy
plus
the green energy, it does produce.
So what does an economist suggest, what to do, when this is the amount of energy being available?
Replying in case this threads