3 ms·
> what level of damage we're willing to accept Who is "we"? Why do you get to decide whether Africa's heatwave is 52C instead of 48C? Are you going to compensa
by energy123 2y ago
> what level of damage we're willing to accept
Who is "we"? Why do you get to decide whether Africa's heatwave is 52C instead of 48C? Are you going to compensate them for that heatwave, and the resulting strain on their growth & development and political stability?
That's the crux of this case. There are significant negative externalities that are not being priced in by the market. The people doing most of the damage owe some compensation to the people who have to bear most of the consequences of their activity.