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Question: Let's do some math to compare the potential costs of REDUCING climate change versus the potential costs of LIVING WITH climate change. Let's make a simplistic assumption that we will continue to spend (or lose) the same amount every year on health-related costs from the air pollution caused by fossil fuels until the end of this century (the year 2100). First, calculate how much these health-related costs would amount to by the year 2100. Then, add the total potential cost of real estate lost to sea level rise by the year 2100 to the health-related costs. What is the total cost of just these two things caused by (or related to) climate change, and how does it compare to the potential cost of converting to 100% renewable energy?
This document contains various important questions and their appropriate answers in the subject field of Economics.
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