People are thinking way too much about how much this saves them at a personal level. I think people should instead be thinking about how we can save the existence of the entire species, and all other higher order forms of life on earth, rather than focusing on their individual tax breaks, savings, or other trivial concerns. Yes, your cash flow is rendered quite trivial if life on Earth ends. Invest in the Life Econom…
This is naïve, useless advice. First off, we are not at existential risk from climate change. Most reasonable estimates suggest on the order of single-digit percent productivity losses for society over the next several decades. Substantial and unfortunate, but not existence-threatening, and in fact not even enough to outweigh reasonably expectable productivity gains from technological development. There are much more…
What is the variance of those estimators?