The question I want answered but is never answered.
Reader comment on: Tea Party and Climate Change
in response to reader comment: Doubting climage change is approaching doubting evolution or gravity
Submitted by Lyle (United States), Oct 21, 2010 15:23
There is at least some serious likely hood that climate change is real. It will have some costs. To mitigate it will cost something. However since we can not agree on the discount rate to apply to this we can't do the economics. I would like to see climate change handled as insurance. Your loss could be X and the premium for mitigating it is Y. Then you decide if X and Y are in a good relationship. For example to spend as much on Y today as X is in 50 years does not make sense, likewise if Y is 1/10 of X it might make sense. But doing this is cold hearted economics and is said to not look after the welfare of our children. Of course this raises the question, what do we owe our children if we have any. If you really believe in Climate change the first item is to not reproduce, since more people mean faster change.
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