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silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 2 years ago

The world's corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it

phys.org

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  • brainworms@lemm.ee
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The world's corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it

phys.org

silence7@slrpnk.netM to Climate - truthful information about climate, related activism and politics.@slrpnk.netEnglish · 2 years ago
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80
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  • cross-posted to:
  • brainworms@lemm.ee
Study reveals how much carbon damage would cost corporations if they paid for their emissions
phys.org
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The world's corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies.
  • sacredbirdman@kbin.social
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    2 years ago

    I’ll be that guy… 56% of normal

    • CraigeryTheKid@beehaw.org
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      2 years ago

      Oh look here everyone, it’s the math guy!

      • IndefiniteBen@feddit.nl
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        2 years ago

        Probably got some fancy education like primary school.

      • Empricorn@feddit.nl
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        2 years ago

        I mean… It’s really hard to subtract 44 from 100.

    • Koof_on_the_Roof@lemmy.world
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      2 years ago

      I think you will find most companies expect 110% minimum….

      • Cheers@sh.itjust.works
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        2 years ago

        What company are you with that makes 110% profit margin? Most I’ve worked at are between 10%-40% and that’s including tech companies.

        • Ithi@lemmy.ca
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          2 years ago

          Think it was just a “always give 110% effort” joke.

Climate - truthful information about climate, related activism and politics.@slrpnk.net

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Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.

As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades: Graph of temperature as observed with significant warming, and simulated without added greenhouse gases and other anthropogentic changes, which shows no significant warming

How much each change to the atmosphere has warmed the world: IPCC AR6 Figure 2 - Thee bar charts: first chart: how much each gas has warmed the world.  About 1C of total warming.  Second chart:  about 1.5C of total warming from well-mixed greenhouse gases, offset by 0.4C of cooling from aerosols and negligible influence from changes to solar output, volcanoes, and internal variability.  Third chart: about 1.25C of warming from CO2, 0.5C from methane, and a bunch more in small quantities from other gases.  About 0.5C of cooling with large error bars from SO2.

Recommended actions to cut greenhouse gas emissions in the near future:

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