Capitalism discounts the present value of far-off catastrophes. This is for good reason: if WWIII breaks out tomorrow, climate change will be a far lesser concern for humanity (and indeed, WWIII may even solve the CO2 emission problem for us!) If we've learned anything since 2020, it pure hubris to claim we know what the future holds.
When beachfront condos in Miami start flooding, the practical, obvious, cost-effective solutions to the problem (i.e. geoengineering) will look a lot more appealing.
When beachfront condos in Miami start flooding, the practical, obvious, cost-effective solutions to the problem (i.e. geoengineering) will look a lot more appealing.