Figuring out the economic cost of climate change.
Perhaps just as difficult as modeling climate change is modeling the economic costs associated with it.
The problem seems to be that we’re not paying the real cost for the energy we use today. We need to price energy as if it includes the cost of cleaning up after the effects of using it.
If we went through nuclear fuel the way we go through fossil fuel no one would have any trouble agreeing that the real cost includes cleaning up after use. If plutonium atomized and aerosolized after use we sure would build containment into reactors and the costs would be understood upfront.
Fossil fuels are the same, just on a significantly less dangerous scale. We need to recognize that the cost of coal needs to include the cost of scrubbing the pollutants at the time its burned.
NYTimes: What Does Today Owe Tomorrow?