Why must every investment in energy conservation in buildings be justified by “payback period”? Is it possible that framing was planted by opponents of carbon emissions reduction? Thread, friends.https://twitter.com/AlexSteffen/status/1018861315237076992 …
A concern for "payback period" makes one sound "responsible." But, while payback accounting usually considers all of a project's costs, it rarely considers all of its benefits. Social Cost of Carbon is often ignored, etc. Bad accounting results in bad policy and bad decisions.
