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I'd like full life cycle accounting. Or something to that effect. Basically "you broke it, you bought." I have no idea how the accounting and finance would wor

I'd like full life cycle accounting. Or something to that effect. Basically "you broke it, you bought." I have no idea how the accounting and finance would work. Bonds, insurance, set asides... Putting cleanup on the balance sheet would then incentivize both prevention (harm reduction) and investing in new technologies. Like maybe some sci-fi stuff like new microbes to eat toxins, which could then be another biz opportunity.

therealcamino 5y ago
It's not a balance sheet problem or an accounting problem or a finance problem. Environmental regulations exist to prevent harms to human life and ecosystems that we deem unacceptable to account for as money damages (sorry about your dad, here's $800,000.)
- specialist 5y ago
  How's that strategy working out? I prefer results over correctness.
  - therealcamino 5y ago
    It's working pretty well in the US -- not perfect, with uneven progress, but very measurable. The Cuyahoga River hasn't caught on fire in about 50 years.