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That's one half of the story. We need to know how many billions in losses are cost as a result of climate-related regulations. And economically, how much money
by creaghpatr 9y ago
That's one half of the story. We need to know how many billions in losses are cost as a result of climate-related regulations. And economically, how much money is 'saved' due to those regulations.
- fulafel 9y agoIt's hard to model the dollar cost ("all of them"?) of runaway climate change, or of individual actions that are necessary but insufficient to avert it.
- creaghpatr 9y agoIdeally we would want an accurate trajectory of forecasted change to map the cost/savings, but the trajectory keeps getting readjusted and the cost/savings is fairly subjective, so modeling this is pretty much fruitless. Cost fails to account for economic development as a result of the hurricanes and subtract that from economic damage. Savings measurement requires accounting for theoretical scenarios which by nature are malleable. Or you could just assume we're all gonna die and no actions will be sufficient, then we can all just stop working on climate change and save some extra dollars for the ride out.
- fishcolorbrick 9y agoCost fails to account for economic development as a result of the hurricanes and subtract that from economic damage. Letting things break so that money will be spent replacing them is not 'economic development' [0]. [0]: https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window