Chapter
The Equitable Climate and the Atlantic Meridional Overturning Circulation
2:04:41 - 2:11:48 (07:06)
The stability of our climate is being threatened by the increase in energy in the atmosphere caused by climate change, leading to unpredictable temperature changes. Losing the Atlantic Meridional Overturning Circulation, as shown by global climate models, could cause a seesaw effect in temperatures between 1 degree warmer than today and 6 degrees cooler over the last million years.
Clips
This episode explores the limits of insurance for climate change, particularly when faced with catastrophic events that could wipe out agricultural capabilities.
2:04:41 - 2:06:52 (02:10)
Summary
This episode explores the limits of insurance for climate change, particularly when faced with catastrophic events that could wipe out agricultural capabilities. The guest criticizes the economics community for measuring the effects of climate change solely in terms of GDP and highlights the need to consider the long term consequences.
ChapterThe Equitable Climate and the Atlantic Meridional Overturning Circulation
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
William Nordhaus, Nobel Prize winner and former president of the American Economic Association, has based his evaluations of climate change on the flawed assumption that a roof will protect you from it.
2:06:52 - 2:08:03 (01:11)
Summary
William Nordhaus, Nobel Prize winner and former president of the American Economic Association, has based his evaluations of climate change on the flawed assumption that a roof will protect you from it. This represents a fundamental misunderstanding of what climate change is, which is the changing patterns of the entire weather system of the planet, not just temperature rise.
ChapterThe Equitable Climate and the Atlantic Meridional Overturning Circulation
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The Equitable Climate occurs when the energy in the atmosphere increases resulting in extreme weather and temperature changes, similar to bubbles in boiling water.
2:08:03 - 2:11:48 (03:45)
Summary
The Equitable Climate occurs when the energy in the atmosphere increases resulting in extreme weather and temperature changes, similar to bubbles in boiling water. The stability of our current climate is necessary for building sedentary civilizations and it needs to remain within 0.5°C from its current state, which has been maintained for the last 10-12,000 years.