Quote:
Originally Posted by Pastiche
What does this statement even mean? Spending trillings of dollars on a global level of wealth redistribution? Are you implying that if we want to mitigate GHG emissions then we have to spend trillions of dollars elsewhere? Because that's patently false.
First, the costs are estimated to be globally trillions, but its not costs as in spending costs. Costs are estimated in GDP losses relative to a BAU.
Second, costs are borne mostly internally. The idea that the world goes out and spends trillions "elsewhere" (to imply redistribution) is just delusional.
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I'm also curious where this trillions discussion comes from. There has been talk of a trillion dollar cap-and-trade carbon market but that's what it is, a market. Canada could actually make money if it invests in and develops clean energy sources which would mean we could sell our carbon credits to other countries for a profit.