Economists are not known for agreeing much with one another.
Regarding the challenge of how to achieve the required reduction of greenhouse gas emissions a majority of the most widely respected economists agrees however: carbon taxes.
This here is a survey of 365 economists who have published papers related to climate change “in a highly ranked, peer-reviewed economics or environmental economics journal” and the result is the same.
This survey also finds that compared with the general public (pie chart at the bottom) a much larger share of economists believes that climate change is a serious problem and that it is time to act now.
(Very much contrary to the caricature of economists in some media outlets.)
And even some of the most conservative economists (who usually favor a small state with minimal taxes) advocate for a carbon tax.
Until 50 years ago, CO₂ emissions developed in lockstep with economic growth in France.
Since the early 1970s, the opposite has been true: emissions declined as people in France got richer.
To produce consumption-based CO₂ emissions, statisticians need access to detailed global trade statistics. This data is, therefore, not available over the very long run. But it is available for the last three decades and are shown in this chart.
This is one big reason why France succeeded in this way — the large reduction of fossil fuel electricity.
I don't know how to summarize this post in a thread. But I can share the two visuals I made for it. 👇
• Demographers estimate that 117 billion humans have been born.
• Almost 8 billion are alive now.
To bring these large numbers into perspective I made this visualization.
A giant hourglass. But instead of measuring the passage of time, it measures the passage of people. /2
How does our past and present compare with the future?
We don't know. But what I learned from writing this post is that our future is potentially very, very big.
I try to convey this here. But even this visualization shows only a small fraction of humanity's potential future.
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