this post was submitted on 26 Jun 2026
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Climate
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Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.
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Didn’t some economist joker get a Nobel prize for saying the climate disaster wouldn’t cause much economic harm?
I guess because the economy is made up, whereas the climate disaster is not.
He did. By assuming that damage was proportional to the fraction of the economy that a given sector represents. Which is an ok representation at very small amounts of warming. But when temperatures rise, the fact that the agriculture sector was, say, 3% of the economy, doesn't mean that damage is only 3% when the amount of food goes to zero.