Remember Arctic methane? You know, the ecological time bomb lurking inside the polar region's thawing permafrost? Well, we now know how much the fallout will cost when and if this subterranean gas is ever released. $60,000,000,000,000. Yes, that is 60 Trillion US dollars!
And that is only a fraction of the total amount that economists estimate climate change will cost the planet by 2040. The estimated total atmospheric carbon pollution climate change cost caused by the fossil fuel industry is $400 trillion.
So, estimating for about 8.73 billion Earthlings come 2040, the average cost of carbon pollution climate mitigation and cleanup will come to roughly $45,819.00 for every living person on Earth. But, more than half of the world's population is far too poor to ever pay even close to this amount in any new taxes so that means that the taxpayers of all of the World's affluent countries just had another $90,000 (not 45k.) Now keep in mind this new debt is an additional national climate change debt added to whatever that individuals existing personal national debt portion already is. --- just for these global warming, atmospheric carbon pollution recovery costs.
Next time you see a fossil fuel company executive or your fossil fuel lobbyist-loving national politicians...