Debunking Economics - the podcast Climate Change. The need for a reset.
May 14, 2025
The podcast dives into the urgent need for a complete reset in our approach to climate change, emphasizing that current global agreements are failing. It highlights the stark gap between climate scientists, who warn of dire consequences, and economists, who underestimate the impact on GDP. Innovative solutions are deemed crucial, but costly investments raise questions about funding. Mixed with humor, the discussion critiques political responses and examines revolutionary ideas like carbon sequestration, stressing that the time for effective action is now.
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Economists Underestimate Climate Risks
- Economists trivialize climate dangers by predicting minor GDP impacts from global warming.
- Climate scientists warn of extinction-level events, showing a critical mismatch in perspectives.
Lifestyle Addiction Fuels Complacency
- Our addiction to a comfortable, high-energy lifestyle fuels climate complacency.
- People resist change because they don't want to lose their current comforts.
Faulty Economic Climate Models
- Economists use their own climate models ignoring critical impacts like rainfall and floods.
- This ignorance leads to gross underestimation of climate change consequences.