“A crucial system of ocean currents may already be on course to collapse, according to a new report, with alarming implications for sea level rise and global weather — leading temperatures to plunge dramatically in some regions and rise in others.” #ClimateCrisis
@GottaLaff They'll be milking the market cow until they experience those “wild gyrations of a stock market that precede a major crash” ... then fly to Mars where there are very little customers to buy their products.
But economists likeNordhaus and his minions have shown the collapse of this current may actually be a good thing by cooling Europe, offsetting some of the damage of climate change!
(Of course their models ignore the increasingly severe storms which will entirely erase any possible benefit of said cooling, but that's probably not important...)
Nordhaus (& friends) assumed everyone would be working (white-collar jobs) indoors so any change of the outdoor climate would only impact GDP by ~8%!!🤦 Somehow, they assumed food would just grow itself... somewhere, without any human labor input or viable land <insert hand waving>.
So, we now are living with the results of the totally false assumptions that the econ world has been using since the mid-1970s.
And Dr.Rahmstorf's post links to more details. I amazed at how the improvements in computing power are enabling ever finer understanding of the risk we face thanks to inaction of the political and business leaders.