Why Governments Won’t Act On Climate Change

Cost-benefit analyses, which prioritize short-term economic gains, often ignore the catastrophic long-term consequences of inaction on climate change.
December 6, 2024

Summary

Governments hesitate to act on climate change due to outdated cost-benefit analyses that undervalue future lives and prioritize immediate profits.

Highlights

  • 📜 Historical Documents: Key acts from the past shape current climate policy decisions.
  • 🌪️ Climate Disasters: Recent hurricanes highlight the urgent need for action against climate change.
  • 💸 Discounting Lives: Cost-benefit analyses devalue future lives, affecting climate policy.
  • 🏭 Fossil Fuel Lobby: Industry lobbying hinders meaningful climate change legislation.
  • ⚖️ Regulatory Flaws: Current methods favor corporate interests over public health and safety.

Fossil fuel companies are just allowed to plan according to a future where they get to keep polluting as much as they want, and if anything gets in the way of that future — for example, governments doing something to protect us from certain catastrophe — they still get paid no matter what happens.

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