More like this, please:
We can pay some up-front costs now, or else we can pay the price of catastrophic climate change and then start paying even higher mitigation costs. Friedman analogized what we’re doing to the behavior that led to the financial crisis, and though this can be pushed to far, I think there’s something to it. What we’re doing, basically, is choosing not to account for the real cost of burning fossil fuel. As long as the party lasts, that looks like a great option. But what you’re really doing is building up a bigger and bigger problem that will eventually come crashing down.
