Careful_Square1742 t1_irehhji wrote on October 7, 2022 at 1:27 PM

Reply to comment by Maleficent_Rope_7844 in Why Bernie rocks! He's not wrong. by DCLexiLou

you're absolutely right.

someone needs to do a net present value calculation on a trillion dollar investment's return vs 50 years of climate change at 8% (what was considered to be a decent return in the market a couple years ago)

the challenge will be getting consensus on what the cost of climate change is annually, since a good sized chunk of the us population doesn't think it's real.

Maleficent_Rope_7844 t1_irev4mt wrote on October 7, 2022 at 3:15 PM

Exactly. Calculations like that need to be ran based on data available and incorporated into policy.

Fortunately companies are beginning to see the threat in the long-term, which is good to see. Companies think longer term than most people or politicians, so I see some hope there.

Case in point: several auto manufacturers have pledged to no longer sell ICE cars in 10-15 years. That's certainly not from regulatory pressure.