Afford to do, afford not to do

What is the concept of afford, and does it work both ways? The question is not whether it can work two ways, but for the concept to be meaningful at all, it has to be fully operational with regard to meaning.

We’re not just deciding what to spend money on — wait, yes we are! In so doing, any action must be considered in the context of its opportunity cost, and with further unpacking of the consequences of not spending money on certain things, the consequences this decision assures.

For instance, Mr. Sarda said, it’s relatively straightforward for businesses to calculate the potential costs from an increase in taxes designed to curb emissions of carbon dioxide, a major greenhouse gas that contributes to global warming. Indeed, this is one of the most common climate-related risks that companies now disclose. But it’s trickier to take scientific reports about rising temperatures and weather extremes and say what those broad trends might mean for specific companies in specific locations.

Previous studies, based on computer climate modeling, have estimated that the risks of global warming, if left unmanaged, could cost the world’s financial sector between $1.7 trillion to $24.2 trillion in net present value terms. A recent analysis published in the journal Nature Climate Change warned that companies are reporting on these risks only “sporadically and inconsistently” and often take a narrow view of the dangers that may lie ahead.

The financial context of whether or not to do something – can we pay for doing the thing – extends in validity only as far as this framing is reversed: can we afford not to do something.

That is, the so-called cost of addressing climate change – or homelessness – large problems who’s answers supposedly involved gross amounts of expenditure that could be determined to be too large must also be considered in their reverse outlines. What is the cost of doing nothing? Is this affordable? Here the concept actually has meaning and may provide a constructive way forward.

But if we decide not to spend money on ameliorating climate change expressly because the measures are deemed prohibitively expensive, and yet the broad effects of climate change prove to be even more expensive than the proposed steps, then the affordability argument is invalid, if not disingenuous. While it may be the case that some consequences are unknowable in advance, that truth equally invalidates the affordability argument in advance. If it can’t be known whether a step would be worth it, it likewise cannot be known whether ignoring a step might be a price too high.

TL;Dr – Decisions made to ignore the effects of climate change must be taken for a reason other than the affordability argument.

Expense of the Environment

It’s an interesting concept, especially as we’ve all but stopped letting the costs of war preclude us from war-making, but how much should protecting the environment cost us? In money and competitiveness, the issue is contentious, rife with conflicts, false promises and disinformation. But, let no one tell you that Republican officeholders at every level stand for anything but rolling back regulations and agencies charged with protecting the environment. While there was hardly ever any doubt about this, now there is not even a pose.

The budget approved by the legislature, led by Republicans for the first time in a century, eliminates the program as part of roughly $23 million in environmental program cuts that would chop more than 150 positions. All told, the department’s budget would be cut by 12 percent, more than double the cuts proposed by Gov. Bev Perdue, a Democrat.

The legislative budget also would shift some operations to the Department of Agriculture and Consumer Services, which is led by a Republican commissioner, a move some fear would change the focus from environmental protection to business enhancement.

That’s in North Carolina, but it is everywhere the same. Democrats get elected promising to enact new regulations and fund alternatives; Republicans get elected promising to rein in regulations and lavish spending on boondoggles. Eye; beholder. I especially like this:

“I don’t want to destroy anything,” said state Sen. Don East, a Surry County Republican and an environmental budget writer. “I just don’t think these very stringent environmental rules that we are living under are going to do what the environmentalists say they do.”

How could they? I believe he doesn’t want to do any harm to anything, including taking any power away from anybody to release anything anywhere. You know, the little guy. Sorry, dude. That’s not a choice anymore. Now you have to actually make choices. Oh: you are.