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Although it's intellectually pleasing to do so, it's more complicated than necessary, considering that the house is on fire.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Fri Dec 27th, 2013 at 04:45:41 AM EST
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A good first order approximation might be to include an environmental cost term in all cost/benefit analyses that captures the climate change impact of both construction and lifetime operation. Then the per ton charge for methane release would be twenty times that for CO2, etc.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Dec 27th, 2013 at 10:27:46 AM EST
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We've been discussing real cost economics since the 70's, but no one wants to get down to even using the best estimates, much less actual cost.

WE would never have to mention externalities again.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Mon Dec 30th, 2013 at 03:40:07 PM EST
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