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Only people born *after* 2050 will experience net benefits from climate policy Costs come soon, benefits much later Optimal policy still worth having, but shows why climate policy so difficult: Convincing people to pay, *none of whom will net benefit* https://iopscience.iop.org/article/10.1088/2515-7620/abb413 …pic.twitter.com/nSWoJC4o5e
Climate policy leads to net-costs until 2080 New paper shows how climate policy costs come soon, whereas benefits mostly accrue much later In total, the optimal policy is still worth having, but it shows why doing climate policy is so difficult https://iopscience.iop.org/article/10.1088/2515-7620/abb413 …pic.twitter.com/sXdCAHppZj
Climate policy only becomes net-benefit after 2080, irrespective of climate costs or climate policy costs doubling or halving (if climate is worse than expected, we'll do more climate policy, hence pay more, hence break-even still in 2080) https://iopscience.iop.org/article/10.1088/2515-7620/abb413 …pic.twitter.com/MVVwdencSx
Break-even only changes with discount rate: If you value the future more compared to the present (lower discount), benefits first outweigh costs after 2100, because you'll do so much climate policy Reverse if higher discount https://iopscience.iop.org/article/10.1088/2515-7620/abb413 …pic.twitter.com/j1fRhysr96
This seems superficial: many of the investments have an immediate impact on ecology (air quality) and ergonomics (energy and mobility improvements)?
I get what they're getting it, but it's kind of misleading. Having solar panels reduces or completely eliminates your electricity bill and pays for itself in some cases as quickly as 5 years, while electric cars are cheaper to maintain and run, that's an immediate benefit
It's hard making predictions, especially about the future.
What metric are you using to claim that a changing climate is a bad thing? Where’s the evidence?
@AlexEpstein uses the no. of deaths which result from climate related events to show that a changing climate/warming is not an issue. So why are you calling for Govts to do anything?pic.twitter.com/yzGyWfgBx0
There are no benefits to climate policy. It’s all bad man. Exactly how does fascism benefit anyone?
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