3min chapter

A Matter of Degrees cover image

“What Can I Do?” Part 1 — The Personal

A Matter of Degrees

CHAPTER

How Much Money Do We Need to Solve Climate Change?

We need three trillion us. Dollars each year between now and 20 50 to solve climate change, says Marylyn O'Mara. That's about three quarters of the american budget, what the federal government spends every year. The annual global military budget reached two trillion dollars for the first time in 20 22. For every dollar you put in the bank, the bank can loan ten dollars for new fossil fuel impa structure. But imagine if we took that tenex power and turned it on its head, and every one of those dollars got leverage for decarbonization and regeneration instead. We actually have significant collective capital.

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