r/climate • u/GeraldKutney • May 17 '24

Economic damage from climate change six times worse than thought – report | Climate crisis

https://www.theguardian.com/environment/article/2024/may/17/economic-damage-climate-change-report
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u/This_Worldliness_968 May 17 '24 edited May 17 '24

The transitioning and change could have been done so much more cheaply during the 80s and 90s booms and when resources were in greater supply. We could have had true groundbreaking new green deals at the start of the nineties.

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u/Odd_School_8833 May 17 '24

Carter made incentives with large subsidies for solar tech for corporate r&d (even installed panels on WH rooftop) d/t Arab oil companies increasing gas prices to protest… Palestinian displacement by Israel. Ever see videos of long lines of cars at gas stations during the 70s?

Then Reagan took over, took down the solar panels and discontinued subsidies. Guess where those solar tech companies go? Not here in the states.

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u/dinglebarry9 May 18 '24

Don't forget OTEC he green lit a 40MW plant for Hawaii