5min chapter

Ones and Tooze cover image

Trillion Dollar Sticker Shock? Let's All Get Over It

Ones and Tooze

CHAPTER

The Reluctance to Think About Big Numbers

Global GDP is $100 trillion. Decarbonizing by 2050, probably entails $100 trillion of spending. Broken down over 30 years, that's about 3% of global GDP. If you're not doing that, if you're talking hundreds of billions of dollars, you need to look in the mirror and say "we simply are not having this problem seriously" The overall common funding framework should be a low double digit sum for climate change programs.

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