The Cost of Inaction

The way we make these cost benefit calculations is tied to estimates of the time value of money that discount rate as much as our actual estimates of how climate change is proceeding. I think that's really interesting because it doesn't feel like there is this, you know, a lot of people would accept this premise that something like climate change,. which is slow moving, global in nature affects everyone, but also at very sort of like indeterminate times in the future is hard thing for like markets to price.