“One thing that occurs to me is the behavior of the tobacco companies denying the connection between smoking and lung cancer for the sake of profits, but this is an order of magnitude greater moral offence, in my opinion, because what is at stake is the fate of the planet, humanity, and the future of civilisation, not to be melodramatic.”
Veille - changement climatique
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In a world where profit is consistently put before both people and the planet, climate economics has everything to do with ethics and morality. Because if we agree that endangering life on earth is a moral crisis, then it is incumbent on us to act like it.
Nicholas Stern, an eminent climate economist at the London School of Economics, said: “This very important analysis shatters the myth that fossil fuels are cheap by showing just how huge their real costs are. There is no justification for these enormous subsidies for fossil fuels, which distort markets and damages economies, particularly in poorer countries.”
For residents of the United States — and indeed, the entire Northern Hemisphere — the impact of major ice loss from Antarctica could be dire. If Antarctica loses volumes of ice that would translate into major contributions to sea level rise, that rise would not be distributed evenly around the globe. The reason is the force of gravity. Antarctica is so massive that it pulls the ocean toward it, but if it loses ice, that gravitational pull will relax, and the ocean will slosh back toward the Northern Hemisphere — which will experience additional sea level rise.