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Yuliyan Mitkov's avatar

Even if we cannot be sure about the net effect of climate change this does not imply that society should not try mitigate it right away. The expected net change might be about zero (expected benefits equal expected cost) but the variance matters too, and in some cases, might be more important due to risk aversion.

According to this view it is rational for the IPCC to be biased and try to “scare” people and nations into doing something. I am simply restating the precautionary principle, I guess. I also realize that people can use this logic to freak about many other complicated and difficult to predict things (i.e., population explosion, AI, and so on).

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Matt Ball's avatar

This is very interesting. One very nitpicky thing: climate change will be good for some, bad for others. I think the distributional aspect of this is more important than the net impact.

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