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View Diary: Why Traditional Economists Don't Know Jack Re: the Misunderestimated Costs of Climate Change (17 comments)

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  •  Seriously good diary. However... (16+ / 0-)

    ...Every time I see a climate-change diary that mentions economic costs of cutting CO2 without mentioning the economic benefits of investing in the technologies that will reduce carbon emissions, I'm going to mention it. So:

    Spending money (public or private) on existing technology and innovative new ones that will reduce anthropogenic carbon emissions is an investment. And it's one that should be attracting trillions — that's with a t — if we expect to make any progress against this crisis. (And if we give a shit about our grandchildren, which I do.)

    The longer we wait to take action the more drastic the action we have to take will eventually be.

    Don't tell me what you believe. Tell me what you do and I'll tell you what you believe.

    by Meteor Blades on Sun Jul 03, 2011 at 03:01:17 PM PDT

    •  Yes but if I mentioned the benefits (3+ / 0-)

      of investing in means to cut carbon emissions this diary would have been three times as long.  :)

      "If you tell the truth, you'll eventually be found out." Mark Twain

      by Steven D on Sun Jul 03, 2011 at 03:13:02 PM PDT

      [ Parent ]

      •  so, do you pay by the pound for your diary space?? (0+ / 0-)

        ...I mean, so freakin' what?

        put it all out there, if you got it to put out!

        "Turning this country around [will] take years of siege warfare against deeply entrenched interests, defending a deeply dysfunctional political system." -PK

        by adrianrf on Sun Jul 03, 2011 at 11:18:56 PM PDT

        [ Parent ]

    •  I should add (2+ / 0-)
      Recommended by:
      Meteor Blades, RunawayRose

      without government involvement and money private companies simply won't take the risk of doing the research and developing alternatives fast enough.

      "If you tell the truth, you'll eventually be found out." Mark Twain

      by Steven D on Sun Jul 03, 2011 at 03:15:22 PM PDT

      [ Parent ]

    •  Another observation: (6+ / 0-)

      Somebody complained to me last week in a rather vague way about the "costs" and "burden" of environmental regulations generally. My response also applies to the supposed costs of investing in clean energy solutions and other corrective measures against climate change: The money for these "costs" doesn't just disappear or sit in a vault, it's going to pay people in new jobs and sectors to provide and develop those technologies and services. It's merely being re-routed to other areas of the economy, and it will presumably cycle back through the rest of the economy like any other investment or expenditure. One person's costs are another person's paycheck. Might as well pay it to the average guy working on a wind farm than to the pharmaceutical companies who make your kid's asthma medication because of all the coal-fired power-plants we'd keep building otherwise.

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