Bloomberg claims that it will cost $200 trillion to save the planet from climate change by 2050. So let’s do some math- $200 trillion in 27 years equals $7.4 trillion per year. The GDP of the entire planet- the sum of all goods and services produced worldwide- is $45 trillion. This would mean that 16% of the entire world’s production would have to be diverted to combating climate change. At only 3% inflation, that cost would balloon to $16.5 trillion per year by 2045.
Medicine, food production, transportation, manufacturing, energy, sanitation, one sixth of everything that everyone on the planet does, would need to be diverted to this goal of avoiding climate change.
It is physically and fiscally impossible.