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The Surprisingly Low Price Tag on Preventing Climate Disaster (TIME)

Yuval Noah Harari · 18 Jan 2022

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  1. Despair is as dangerous as denial. And it is equally false.
  2. The good news is that a lot of these emissions can be cut on the cheap through behavioral changes such as reducing meat and dairy consumption and relying more on a plant-based diet.
  3. The crucial news is that the price tag of preventing the apocalypse is in the low single digits of annual global GDP. It is certainly not 50% of annual global GDP, nor is it 15%. Rather, it is somewhere below 5%, perhaps as low as investing an additional 2% of global GDP in the right places.
  4. It means that to save the environment, we don’t need to completely derail the economy or abandon the achievements of modern civilization. We just need to get our priorities right.
  5. To prevent the apocalypse, we’ll probably need to impose some new taxes. But why not start with collecting the old ones?

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