They eat the cost. Most countries are not as poor as they used to be 30 years ago, and can afford a $2 billion or even $10 billion climate disaster hit.

Back in VN, the cyclone seasons now causes several billion dollars of damage a year yet they still trudge on. Same with the Philippines, China, India, and others.

> given enough climate events, "decarbonization" will become a "national security" topic

They already are, but most large states in Asia also have ongoing disputes with China that have almost gone hot multiple times over the past decade.

The climate disaster costs are going to be so so much bigger than that unless our rates change. It’s easy to look at our $30000B gdp, even project that to 100k B into the future, and say “well we will eat the 2-10B costs”.

There is no number for “we don’t have a source of soy anymore” or “Florida coastlines have moved 50 miles inland” or “the Ogallala is empty”. We could guess, and we would be guessing some really really big numbers that don’t sound very eatable.

The big easy ones are the weather disasters. Katrina did 200b in damage (inflation adjusted). If we jump up to a disaster like that yearly, 1000b every 5 years is…. A serious problem for a 30,000B economy. And that’s JUST hurricanes.

Can they afford wet bulb events that kill outdoor laborers? Crop failures and mass starvation?