But Costs

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.

Examples

Objections and Replies

Trillions. There will be multi-trillion costs
☞ Morgan Stanley estimates we’ll need to invest 50 trillion by 2050. The more we stall, the more it’ll cost. If you’re serious about costs, stop trying to stall.

Notes

{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

2021-02; The Economics of Biodiversity: The Dasgupta Review.

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