A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found
Archived version: https://archive.ph/shPHW
Report: https://www.nber.org/system/files/working_papers/w32450/w32450.pdf
A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found
Archived version: https://archive.ph/shPHW
Report: https://www.nber.org/system/files/working_papers/w32450/w32450.pdf
Which is misleading if you aren’t measuring per capita. Yes, China produces more carbon emissions as a whole, but that’s to be expected when their population is over 4x higher than the US’s. The per capita numbers tell a different story: https://ourworldindata.org/grapher/per-capita-ghg-emissions
Also, China is taking climate change seriously and actually trying to do something about it: China added more solar panels in 2023 than US did in its entire history
To contrast to the US: United States produces more crude oil than any country, ever
Also the US just put massive import taxes on solar panels and EVs, two technologies that could really make an impact on slowing down the problem.
Also the US exports more methane gas than any country on earth. Methane is 30x more powerful a greenhouse gas than CO2. CO2 only tells part of the story
US exports methane to other countries…and in producing methane also exports it into the atmosphere in leaks everywhere.
Also, the 30x CO2 number for methane is a long term average over 100 years, and probably at this point inaccurate as methane amounts grow. Methane breaks down at a limited rate, and as more and more methane enters the air that rate decreases as the radicals that act upon the molecules get depleted. So not only does the 30x go up for 100 years, the 84x for 20 years and the over 100x for the first few years also go up. Which is a feedback, causes more warming and more methane and other gases. Etc., etc.