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Climate’s Uncertainty Principle •
5th April 2019 Garth Paltridge
Whether we should do anything now to limit our impact on future climate boils down to an assessment of a relevant cost-benefit ratio. That is, we need to put a dollar number to the cost of doing something now, a dollar number to the benefit thus obtained by the future generations, and a number to a thing called “discount for the future”—this last being the rate at which our concern for the welfare of future generations falls away as we look further and further ahead. Only the first of these numbers can be estimated with any degree of reliability. Suffice it to say, if the climate-change establishment were to have its way with its proposed conversion of the global usage of energy to a usage based 1