But Costs

Because there is no free lunch except lunches that are free.

Examples

Objections and Replies

(Trillions) There will be multi-trillion costs
Reply. It may now be cheaper to deal with the crisis of climate than to leave it.

Notes

{Ethics} Strong ethical considerations may dominate financial concerns. But to invoke ethics when speaking about money might be seen as deflection. Best to parry the objection directly, *then* top it with ethical considerations.

{Reinsurance} Check how reinsurers, insurers, and actuaries look at this matter. You should see discussions that tend to be grounded in reality.

{Military} Invoking military spending usually shuts off concerns about the cost of social programs.

Readings

2020-09. A Near-Term to Net Zero Alternative to the Social Cost of Carbon for Setting Carbon Prices.

Resources

2021. The Economics of Biodiversity: The Dasgupta Review.

2021. Accelerating Decarbonization of the U.S. Energy System.