‘How Much are Venice, the Everglades, and New Orleans Worth?’
Andrew Sullivan points the way to a Matt Steinglass post about the limits of measuring climate change damage in economic terms:
There will be no Everglades in 100 years. The economic cost of that change to US GDP is marginal. There will be no Venice in 100 years. The economic cost of that change to US GDP is tiny. There will be no New Orleans in 100 years. The economic cost of that change to US GDP is extremely small. ... But the worth of many precious things cannot be measured in money.
Indeed.
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