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# The Economics of Climate Resilience: Why Prosperity Trumps Doom

As I have discussed previously, I remain exceptionally optimistic about renewables driving global economic growth upward. Making more money will make it considerably easier to deal with whatever climate change throws at us. The best climate adaptation strategy is simply having more wealth.

If global economic growth increases from the 3 percent we maintain today to 4.5 percent, the world will be 30 times richer rather than merely 9 times richer by 2100. The mathematics of compound growth makes this difference extraordinary—an additional 1.5 percentage points annually transforms civilizational wealth over the span of a human lifetime.

I expect global carbon emissions will stagnate in the coming years—it probably has this year already—but it will not fall dramatically as many environmentalists hope. Emissions will decline gently through the 2030s and 2040s, achieving around 30 percent reduction from current levels. The relative decline in coal and oil demand will be offset by higher demand for metallurgical coal for steel and cement production, plus increased natural gas consumption for renewables firming and other energy-intensive industrial applications.

Most credible analysts predict we will manage to limit warming to less than 3 degrees, possibly between 2.3-2.7 degrees. In this scenario, the greatest threat to human civilization lies in climate disruption to agriculture.

We have obviously made remarkable progress in agriculture over the past century. Agricultural land use actually peaked in the 1990s and has remained stable since. The way to mitigate climate change's impact on food prices is more neoliberalism, which I have detailed in previous note - https://substack.com/@mdnadimahmed888222/note/c-122251627?r=o2bbq.

I remain very optimistic about laboratory-grown meat—not as enthusiastic as industry participants themselves, but far more than most observers. My prediction since 2017-2018 has been that the technology will scale and disrupt most protein markets by the mid-2040s.

The trajectory thus far appears promising. Laboratory-grown chicken used to cost approximately $200,000-300,000 per nugget. Current estimates place the cost below $100. Yes, that remains prohibitively expensive, but this represents the fastest price decline of any technology I have witnessed.

Unlike solar and wind energy, laboratory-grown meat has not yet received substantial government support. This technology will not only dramatically reduce agricultural emissions but also insulate our food prices from climate shocks. As long as humanity can secure affordable bacon and eggs for breakfast, we can face any challenge.

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