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2052: A Global Forecast for the Next Forty Years 2052: A Global Forecast for the Next Forty Years by Jørgen Randers
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“slow decision making will expose us to damage before we obtain the answer from delayed investments in new solutions.”
Jørgen Randers, 2052: A Global Forecast for the Next Forty Years
“A good family farm produces more, in net terms, than the farm family consumes. The good farmer has secured enough land to grow crops and support his or her livestock. The extra production beyond the farm family’s own consumption can be sold and traded for other goods and services—TVs, clothes, books. Some countries are like good family farms, with more bio-capacity than what it takes, in net terms, to provide for their inhabitants. Compare this with a weekend hobby farm, with honeybees, a rabbit, and an apple tree, where most resources have to be bought from elsewhere. Presently 80% of the world population lives in countries that are like hobby farms. They consume more, in net terms, than what the ecosystems of their country can regenerate. The rest is imported or derives from unsustainable overuse of local fields and forests.”
Jørgen Randers, 2052: A Global Forecast for the Next Forty Years
“At a private lunch when I recently asked one of the world’s highest-ranking international diplomats what, among all the possible scenarios for Pakistan, was the most positive vision she held, everyone around the table laughed nervously. This diplomat was surprisingly honest. She admitted that she had not one positive vision for Pakistan. She was candid about a view that leaders widely hold but seldom acknowledge: humanity is on a slippery slope of resource depletion. It is unlikely leaders can do anything about it. Hence, their job is to make sure their people will lose last. This means securing for their people enough resources from the globe’s diminishing resource pie to ensure that their nation will float even if others sink. From this vantage point, money shields a population from losing first. Leaders beholden to this view therefore embrace even more vigorously GDP growth as their key objective; the financial advantage will allow their constituency to stay just a bit further ahead of the others in the resource race to 2052.”
Jørgen Randers, 2052: A Global Forecast for the Next Forty Years
“Short-termism also dominates in the marketplace. The market uses a discount rate of 10% per year (or more) when comparing costs now with benefits in the future. This means that a benefit that lies twenty years ahead will be valued at one-tenth of its real value. In other words, a problem twenty years in the future will be worth solving only if the cost of the solution is less than one-tenth of the value saved. It comes as no surprise to those who know economics that it is “cost efficient” to allow the world to collapse from climate damage, as long as the collapse is more than forty years into the future. The net present value of reducing emissions and saving the world is lower than the net present value of business as usual. It is cheaper to push the world over the cliff than to try to save it. The political world is not much better, given the short tenure of political appointments. Politicians can rarely spend time on agendas that yield a positive result only after the next election—which is normally less than four years away.”
Jørgen Randers, 2052: A Global Forecast for the Next Forty Years