Putting a Pricetag on the Climate

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Ecologists and economists have put a controversial dollar figure on biodiversity, but this week marks the first time the UN has ever put a price-tag on the climate. What would it cost to keep greenhouse gases close to their current levels? One estimate of the Intergovernmental Panel on Climate Change is shockingly cheap.

“The cheaper scenario would mean going out to dinner one time less a year, whereas the higher figure gets into the range of having or not having a car,” says Ralf Martin of the London School of Economics. “The higher figure might be a hard sell. However, I would suggest that whether either figure is acceptable depends largely on how it will be sold to voters.”

The problem is, this calls not for individual asceticism like scrimping on toilet paper, but new government policies like a carbon tax. Predictably, the White House had a knee-jerk response, saying the least ambitious target “would cause a global recession.” Well, what recession would catastrophic climate change bring? What dent would losing the Eastern seaboard put in the US GDP? The IPCC should estimate that too, if only as a talking point.

Policy wonks have to speak the language of the economic growth. But what is that saying–you can’t solve a problem within the mindset that created it? Bill McKibben pointed out how we got stuck in this mindset and why wonks need tolook beyond the framework of the GDP as a measure of progress. The GDP doesn’t even correlate with happiness among nations.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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