Time to Wake Up 292: The Looming Economic Catastrophe if Climate Change Left Unchecked
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- เผยแพร่เมื่อ 7 พ.ค. 2024
- May 8 | Senator Sheldon Whitehouse (D-RI) delivers his 292nd speech urging his colleagues to wake up to the threat of climate change.
Whitehouse highlights multiple reports predicting a massive systemic shock to the economy that will be triggered by climate change unless the world undertakes major intervention to lower emissions. Assessments from the Potsdam Institute, The Economist, and Deloitte now predict climate-related damages will reach tens of trillions of dollars by 2050.
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the billionaire class, the greed junkies are the true enemy of all humanity
_"The billionaire class"_ has the money and the people need to make sure that politicians are able to make them pay for it.
That way they will at least have had a better life so far than everyone else who has earned their money.
They are going to drive us all to extinction
What just happened in Porto Alegre and metropolitan area (350 municipalities under water) will happen in the near future to most larger cities in the entire world, that are near the ocean, and also to some others. While those cities will remain under water, other large cities away from the ocean will dry from massive heat and prolonged periods without water, just like what is happening every year in California, Oregon, British Columbia: massive heat waves, massive fires, and scarcity of water.
Trump wants to stop all the climate change programmes, he would destroy
the world for money.
LOL
Truer words were never spoken, Whitehouse for the Whitehouse in '28
CO2 = greenwashing
The damage will be CATASTROPHIC BEYOND ANY WORDS‼️‼️‼️
check todays RS FLOOD IN SOUTH AMERICA......in south Brasil.....435 out of 497 cities were hit....some completely destroyed by the biggest flood in the state history
@@sea2959 wheat and corn cultivation compromised, cattle dead, expect prices to skyrocket on food from a to z… Hard times are coming
the weather is coming to murder us
What just happened in Porto Alegre and metropolitan area (350 municipalities under water) will happen in the near future to most larger cities in the entire world, that are near the ocean, and also to some others. While those cities will remain under water, other large cities away from the ocean will dry from massive heat and prolonged periods without water, just like what is happening every year in California, Oregon, British Columbia: massive heat waves, massive fires, and scarcity of water.
@@SomewhereInTheSolarSystemwho is dying of thirst in California and Oregon and BC?
The longer you put it off, the more expensive it becomes!
Oh yeah I guarantee that the vast majority of people have no idea how "expensive" it's gonna be. We are talking about loss of 90% of life on Earth including including most humans due to ecological and economic collapse in less than 10 years 😢
@@J.M.-nb4gw10 years is too soon. The numbers are predicted for the next 100 years for such outcomes
CO2 = greenwashing
@@J.M.-nb4gw what's it like to be so naive and arrogant at the same time?
The greedy corporations will not pay for the damage they have, they will try
to make more money from the catastrophe.
Thank you Sheldon Whitehouse.
Nice. Put it in terms that even Repubbas can't ignore -- money.
This is a scam.
@@user-zu5do6ri6rNo it isn’t.
@@user-zu5do6ri6r go away kid...you are late for kindergarten
"Repubbas", I like that. Going to use that one from time to time.
@@arcanondrum6543 Pleased you found it useful.
A refreshingly rational assessment of our situation. Kudos. I wish we could expect that rational responsible policy will follow.
Stop Big Oil. Stop Extinction.
Grow up
@@Iamdrjohnny Ignorance is bliss.
Climate change is only a symptom of earth overshoot. The human predicament is greater than only climate change.
@@Iamdrjohnny And how old are you?
@@bluegold21 I am old enough to remember none of the 25 predictions in the 70s have come true including all of the polar ice caps being gone.
I'm old enough to know that fossil fuels don't come from fossils.
I'm old enough to know that I always look at somebody's channel to see what kind of comments they leave on other people's posts before I comment back to them.
I'm old enough to know that the last three comments you made on other people's posts are pretty much correct.
If that's not a good enough answer I'm 55.
Thank you Rhode Island, for keeping this brilliant hero in congress to serve all of us around this country. I would say he would be a magnificent president but then we would lose the freedom he has in the Senate to deep dive into these issues and speak openly with his opinions,
The truest truth, however, is that it's already too late...
yes... I was going to comment this same thing...
That reality will cause dangerous violent nihilism.
but...
it's true .
all we are doing now, is bringing the catastrophe on harder and faster.
unfortunately.. as the atmosphere is polluted, another collapse is occurring... biosphere collapse. global, right now.
It is....
too late.
How many Billions has the right spent on denying science?
The science that men give birth?
Thank you Senator Whitehouse!
Nah it's hopeless. We're done.
I have a really sick feeling in my knotted in'ards. It really is time for the World to collectively WAKE-UP!!!!!
They really just going to kill us off, all over money... kill us all.
The world is going to become unhabitable and we only have one planet! This is INSANITY
nature can be wonderful if treated fair. Economy is running and operating with fossil fuels ,you can’t stop that type of economy so you have to go the other way round , stop the population grows. One Humane way is to distribute condoms prophylactics to every corner and economy In the world for free for 10 years. Government and religion would never allow this for they exist in chaos . Humans have to adjust to the environment. That’s what I think thank you for the article.
Thank you sincerely Excellency 🙏 Senator Whitehouse. Exactly
Love how the future of humanity needs to be put into monetary terms
It's the only way to get conservatives on board. As a general group they don't give a damn about the collective good, only about "individual liberties", and they think that "the free market will solve all problems", which ignores the fact that the free market is what largely caused this problem.
Senator Whitehouse for AG.
How about Commander in Chief?
Interesting that the only warning that MIGHT be heeded, is a threat of financial loss... Thank you Sir, for your candour.
I think all Americans should stop paying taxes, that's the only way your vote counts.
What your statement has to do with the price of eggs?
@@Basilica19 do you serve any beneficial purpose?
@@Support_Ad_Blocker be happy
@@Basilica19 The really “happy” people are the clueless ones.
@@Support_Ad_Blocker okay then, don’t be….
Thank you, Senator, for your clear and persistent presentations on climate change effects.
Thank you so much! I know this and feel powerless. What can I do?
There's always terrorism...
@@warmwestwindthe right answer that will be removed
Desperate times call for desperate measures.
Start reading up on worker-owned cooperatives and labor unions. Join your nearest credit union, and only get your groceries from the local farmer's market; organic if possible. And spread the word.
Join citizens climate lobby!
Thank you.
Ending the depreciation tax break for fossil fuel conglomerates would help and they could pass that today.
Humanity isn't mature enough to understand that.
Climate Action Can’t Wait! Thanks for your leadership Senator Whitehouse
Why is Senator Whitehouse the only one talking about this….the silence is deafening! There literally is Nothing more important!
Bernie Sanders is also a big advocate.
An excellent speech. I wish I could hear something like it emanating from my own country's government.
Thank you, again, Senator Whitehouse!
Thank goodness one of our elected representatives is equipped with a brain and knows how to use it!
What just happened in Porto Alegre and metropolitan area (350 municipalities under water) will happen in the near future to most larger cities in the entire world, that are near the ocean, and also to some others. While those cities will remain under water, other large cities away from the ocean will dry from massive heat and prolonged periods without water, just like what is happening every year in California, Oregon, British Columbia: massive heat waves, massive fires, and scarcity of water.
Exact 🟢 one earth no time to wait ❕
Thank you Sen Whitehouse. This is clear to me.
This is required viewing for everyone with a working brain…..it is Not political……it is science/ economics at work….we need to Wake Up! If not for you….for your children and grandchildren.
We need way more of this kind of coverage. It's sad that it has to go through economic damage, but if this is how we get people to finally wake up so be it
Thank you for stating so clearly the two paths we can walk. Earth does not negotiate, as evidenced by recent extreme weather.
It's not the only reason why I don't have children but it is the reason why I advise others not to have children.
Not exactly a solution
The children are going to suffer immensely
I used to look at my son, who is aged 28, and I truly wondered what quality of life he has left ahead of him. Now I'm seeing that the same question should be asked of people of my age group and my husband's too.
All but the very eldest are now going to live long enough to see and experience increasing transformations in the environment around them.
I don't want to have to experience a time when I fear heat strokes, the taps running dry, enforced food rationing at supermarkets, or listening to a storm rip off the roof, or watch the river rise to flood any more of my neighbour's homes (as they have started to do).
I hate to see all these tragic extreme events appearing on news channels, but I hate it even more when the deniers come in and repeatedly insist that 'this happens every year. Nothing to see.'
They stubbornly insist on this unreality because I do believe they are scared, don't want to admit it to themselves, especially don't want to admit it to their children, and so they have enclosed themselves in a personal reality because the pain of climate change hurts too much.
But it's only too clear that we have seen a suddenly elevation in the rate of climate change driven extreme weather events.
We have gone from the occasional drought in the world, the occasional unnaturally high flood - to a point where there are multiple record breaking floods, multiple countries experiencing wildfires, multiple countries experiencing heatstroke level temperatures/wet ulb conditions all at the same time.
There's no break from it now.
The news of one disaster zone is quickly overlaid by a disaster happening elsewhere. But the one that was the headline news yesterday still goes on.
In April of this year alone, there were over 5000 wildfires in India, that's 10 times the number of wildfires in March, and 5 times the number of wildfires in April 2023.
The global temperature has risen by just a mere fraction of a degree over the past 12 months, but it has had a multiple impact on the same region...and we can expect this to affect any other country at any other time.
I used to smile at little children staring curiously at me from their parent's arms. Now I look at them with deep pity and cannot help frown at their parents.
Anyone think the meek will inherit the Earth, think again. It will be the most resilient insects and microbes feasting on our flesh. We've turned what could have been a heaven into hell.
@@Debbie-henri The stubbornness comes from people who believe in winners and losers and that the money they are hoarding and the plans they are making will be enough for themselves and their children. You are correct about only the flesh eaters remaining however. Earth will recover, it has been through worse in the ancient past. Humans however, will be responsible for our own destruction and for the destruction of many beautiful species.
"Starship Troopers" was a story about "earning Citizenship". I wonder however, if the Sentient Bug invaders were not from a distant future Planet Earth.
it's beyond hilarious how you think you've done some service to the world
at least somebody in the government is starting to get it
this civilization is finished
Human extinction by 2045 we are completely fucked
Thank you Bless you Sen.Sheldon for your leadership and intellect in recognizing the ONLY CRISIS we need to focus on. Especially the unconscionable COMPLICITY of Gas/Oil industries in our common DEMISE. SURELY, their actions are illegal beside immoral. Can't any Govt.agency initiate action BIG enuff to stop them?
I'm sharing your speech w/all my circles. Gratefully,
Heather Howell
Atascadero CA Dem.
Senator Whitehouse, we need 99 more members of the Senate just like you. To everyone else: tell your Congressional Representatives to pass Carbon Fee and Dividend as implemented in the Energy Innovation and Carbon Dividend Act in the House. Learn easy ways to do that at Citizens Climate Lobby. Thank you!
They knew they were going to ruin my life and then they did it
The financial impact may be the least of our worries when the real environmental crisis hits, but if it’s the only way to motivate our leaders to action then I’m 100% for it. Of course, it will never *not* be frustrating our leaders aren’t more motivated by the issues that will more actually (and much, much more severely) impact actual human life and our communities-things like food and water scarcity, mass migration, ecological destruction of urban infrastructure, etc.-but I’ll take whatever I can get. Just as long as it gets something done.
“Your biggest concern is money? Fine-then just know you won’t have any once the world heats up and breaks our way of life. So if you really want to hit your profit margins then you ought to take steps to ensure the market will still be there in a half century.”
I just clapped in the end!!!
Yes! Yes!!!
And that is just economics!
Our lives, our actual livelihood, is at stake. We can all die- let alone the money... the money doesn't really matter at that point, does it?
top earners. For married people filing jointly in 1953, for example, any income above $200,000 was taxed at 90%, above $300,000 at 91%, and above $400,000 at 92%.
Nowadays, individual income tax rates are much lower, and the highest tax rates have dropped to nearly a third of their mid-1900s highs. For tax year 2022, individual single taxpayers with income over $539,900 are taxed at 37%, according to the IRS. For married couples filing jointly, the same rate applies to any income over $647,850.
Always liked this guy .
Go Planet! :)
He should know the more government gets into debt paying for these things, the more stock markets go up. So climate catastrophe is good for stocks! So lets have as much of that as possible!. "Later grandchildren don't matter if they can't be sold for profit today" has been the mantra for decades, no reason that will change now.
ABSOLUTELY 💯💯💯💯💯
Bravo,...are there any American Hero's left?
Kudos for your effort. I hope a lot of the elites are watching
theyre too busy decorating their doomsday bunkers.
Well said.
Senator Whitehouse is a Presidential & talented citizen.
Whitehouse / Raskin ‘28! 🇺🇸
Hopefully more politicians like yourself emerge globally. Not all politicians are the same and we need a better political class to emerge. Sadly it may be too little too late
My God Sheldon Whitehouse should run for President next round
Time to leave the planet.
We have food production collapse coming due to extreme and unpredictable weather, farmers will give up trying to produce do to lack of profitability, massive food price inflation, extreme heatwaves making some countries uninhabitable, unsustainable government debt blow up causing economic crisis, ageing demographics will mean less people to work so a shortage of all services, doctors, tradesmen etc. everything will go downhill fast in the next 50 years
Sheldon Whitehouse for any position he chooses, in my opinion.
Duh...about time a little reality impinges on the Senate.
To save the planet, plant hemp forests to produce biodegradable plastic, biofuel, fabric, building materials, high protein food, and so much more. 💙🌞
When Money Becomes Irrelevant ~ The Venus Project!
A trillion here, a trillion there. Pretty soon you're talking real money.
There’s only half a quadrillion of wealth on earth. Not enough to go around.
Thank you Sen Sheldon for bringing awareness to specific firms and their analyses of devastating national & global economic losses due to climate change from burning fossil fuels.
Makes a lot of sense except the idea that we can grow the economy while trying to fight climate change. That’s laughable.
Considering growing the economy is causing climate change.
@@Rnankn and all the fossil fuels/mining/extraction required to make anything that's part of the "green energy" transition.
Don't know how you can grow economies by $43 Trillion by keeping to a 1.7C rise, when economic growth uses world resources that are running out already, given that world resources are finite NOT infinite!!
Aside from what we're currently doing to try to reduce emissions, we also have to consider some potentially good geoengineering ideas, and implement them as soon as possible! Of course, some people may be reluctant to do so, but we may not have a choice, especially to at least buy more time to reduce emissions.
All we need is to take all the money from War'$ for profit~ To building autos that are electric that you have one that powers it self up~^~
By just having extra batteries in charging bays inside the auto hood etc, etc... No reason we can't!
Electric vehicles are worse on the environment.
Public transit
@@Rnankn that works for the city once out of it we need everything but what you say.
No one will force me to move back into hells gates! I love the country~!
Only the trees are my friends
@@user-zu5do6ri6r Not good enough of a comment homey-! You lack data, you can't brainwash me with mindless baseless keywords you are using-!
Let the facts lead the way you won't sound so scary then with noting you can prove-!
Because there are many more a**holes in the world worse than us we must spend $$ on wars for our protection. The issue is capitalist greed of military contractors in the country
I wondwr how long it’ll take Miami real estate to come running to Washington for a bailout once word gets out that they’re doomed.. Jeff goodells book the water will come had a great section on this. Another one on ny…
Senator Whitehouse in my view we have passed the tipping point with Globe Warming.
Ah yes, the economy will hurt a bit.
If there's not gonna be any political/economic movement to reduce emissions, (I regrettably ask) how can we, who know the future, profit from the enevitabilities of climate change?
If we're going to be spending trillions to repair the damages from natural disasters, who gets paid that money? Contruction and infrastructure companies/contractors?
I'd love to invest into green energy etfs, etc, but there seems to be no legislation to convince me that's an economically wise investment at the moment.
.. and these projections are based on today’s costs and don’t take into consideration the inflation associated with a growing economy, if it grows at all in a continually worsening environment.
Here come the Deniers.....
We're screwed.
Completely fucked I’m thinking by 2045 if not sooner it’s going to get very crazy
My Guy🎉
Nothing is going to change.....,
We are all going to die
It's always IF.
🙏🏼🙏🏼
This is addressed in terms of economic loss, and it is given in trillions. The point was not made, but should have been, that we don't have that kind of money. There's no compensation for losses of anywhere near that magnitude. When areas go underwater, they stay under water; when regions are destroyed economically, they don't recover. So the cost is not $178 trillion because that kind of money does not exist.
Yes it doesn’t that’s why we need complete global efforts to stop fossil fuels now
Senator Whitehouse active with you for 3 yrs we must take a stance including climate change in budget. This is effecting unbalanced weather across the globe, oceans. Listening on my other channel Al Jazeera booted from Isreal title The Hill channel reporting. Netanyahu Bans Outlet Reporters.
Thank You Sen. Whitehouse
Will people don't buy and only sell house in the future?
Upgrade the Federal Power Grid and BLANKET the SW with Solar Panels.
Big push for Electric Auto's with a time degraded power grid and lack of Infrastructure Support is pointless.
Thank you Senator Sheldon Whitehouse. The crisis-> th-cam.com/play/PLhH8w0wcKSeDpkunKyRWBkPCcjiEk6AL7.html&si=kXzfcywdbtYoimlE
The economic damages are here already. La Niña caused in 2023 a huge damage to wheat and corn in South America and North America. This year should be even worse if you take in consideration the tornadoes and floods that are happening as we speak.
as agriculture continues to grow as an industry.....
I can go deeper, but in short, I think you should plan for $10 trillion a year for climate "coping" and "repair" stuff.
I hope to God you guys have told DARPA to get on the solutions to CO2 removal, as well as nitrogen fixing. (Fertilizers are how we feed 3 to 4 billion of the people now alive in the world.)
I'm assuming you already have all the fossil fuel stuff under control. 👍 I'm not even going to mention dealing with climate refugees coming ashore from hot zones.
co2 removal? LOLOLOLOLOL. the giver of all life
@@RobertMJohnson Whaaat??? ;-)
I know... right now they can remove a grain of sand from the beach. I'm just trying to imagine how to scale up what trees do. (At the rate we're going, my kids don't really need to worry about college... There won't be an economy after 2030... Gotta try everything, I suppose.)
We have been afflicted by the disease of more. The fallacy that bigger, stronger faster is better and spending life energy on such fallacy.
I like the thought of all those beach front hotels and their owners going away. I'll miss the beaches, but new ones will form somewhere.
Tens of trillions here...
tens of trillions there..
pretty soon we're talking about real money...lol...
Forget all that, just buy my book "Cannibalism For Dummies"...lol...lol...
Incoherent comment
Whitehouse for the White House!!!
It is real and not constrained by artificial borders .
Until Fusion is a viable future giving up on Nuclear Power plants was a mistake.
ShakeUp XR
$ 9 black coin for disability cars gas money automatically for disabilities job must get down or million years to life in jail cell no parole at all what so ever we not talking about employers at all
Vote blue get everyone you can to vote
CO2 = greenwashing
Does anything ever come from this? The only one talking about this is RFK Jr
The lowest estimates of sea raising in the next 30 years is 29 cm, about a foot. Doesn’t sound much but it won't be evenly spread out because of currents etc so could, for example, mean a meter in New York or one and a half in Florida.
These estimates are likely too low, it could easily be a meter instead.
I wouldn't buy beach front property..
Jacob cox
Yall look at Brazil flooding.
You know what’s really stupid, Senator? That you have to explain this all in dollar amounts so they might actually pay attention. Good luck with that.