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Patrick Atwater
@patwater
🚏🌪️ The US is spending $1 trillion a year on climate damage A new analysis from Bloomberg reveals that the US spent $1 trillion—a full 3% of GDP—on “disaster recovery and other climate-related needs” in the 12 months from May 2024 to May ‘25. Skyrocketing insurance costs (which have doubled since 2017), power outages, and post-disaster repair are major drivers. (Interestingly, scientists estimate that many geoengineering schemes would cost just a few billion dollars a year, which makes one wonder whether a single insurer or country could run a geoengineering project that benefits everyone and still make a profit individually.)
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Brent Schulkin
@schulkin
This makes me wonder what the current law/liability around geoengineering even is… has anyone regulated it yet?
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Patrick Atwater
@patwater
Definitely… see the pushback on ocean algae seeding and various other experiments. Not always a regulation of geoengineering per say so much as oceans and other normal regs Also lots of international geopolitical angles with winners / losers to geoengineering
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