ArinJul 26
The number doesn’t include, for example, a lot of very real costs, such as the damage carbon pollution is imposing on our fisheries by raising the acidity levels in our oceans; the harm to our forests from increased pest, disease and fire pressures; or the loss of land to rising seas.
The Social Cost of Carbon
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Rhea Suh
The number doesn’t include, for example, a lot of very real costs, such as the damage carbon pollution is imposing on our fisheries by raising the acidity levels in our oceans; the harm to our forests from increased pest, disease and fire pressures; or the loss of land to rising seas.
Some of these are inestimable. Money counting also makes sense when you factor in how much you save from a counter factual perspective. In other words, what would happen if we did not add extra carbon? But also, this money counting needs to account for the context? Who pays this money and who wins and who loses? Why would the winners have an incentive to reduce carbon emission?
