7 ms·
It's a time value of money problem; there's been plenty of investigation into the future costs of climate change (most notably the Stern Report [1]) but people
by jajag 7y ago
It's a time value of money problem; there's been plenty of investigation into the future costs of climate change (most notably the Stern Report [1]) but people prefer to have money now, rather than pay now to defer future cost.
[1] https://en.wikipedia.org/wiki/Stern_Review https://en.wikipedia.org/wiki/Stern_Review