How is this enforceable? What marginal increase in a hurricane's destructivness is attributable to climate change versus how destructive it'd be otherwise. And how much did that cost in damage? It's impossible to figure out
this post was submitted on 02 Apr 2024
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We know how much damage natural disasters cause. Take the percentage increase of those disasters caused by climate change, make them pay the corresponding percentage multiplied by the total damage numbers.
Probably not perfect but this is just a way I thought of in 5 seconds, I bet they can think of something.
Seriously. We already have the legal concept of "acts of God" in every form of insurance. Great idea, but you'd have to uproot centuries of legal standards, and I just don't see the opposition allowing that. It would open the door to so many more lawsuits.
Great idea, but I'll wait to hear if it passes and what actual teeth it has.
I mean, God doesn't exist, so it shouldn't be hard. When a natural disaster has a man-made component it ceases to be a natural disaster.
Taxes, while commonly passed with some justification for their existence, aren't required to have any justification. States can tax companies in just about any way they see fit.
Taxes don't even need to be "fair". They can tax entities for any reason they want in just about any fashion they can dream up.
Who cares how much or what percentage of damage a hurricane caused is attributable to a specific corporation's behavior? The state has decided this class of corporation, as a condition of doing business in the state is to pay into this fund. Take it, or leave.
you can probably point to the 3rd 100 year storm in a year and say that one for sure is attributable to climate change
We have economic and environmental models for that.
In economics these extra effects are called externalities because the price we pay for a good doesn't reflect the true cost to society that other people have to pay due to the production of that good (healthcare, disaster insurance and management, etc.)
Here's one report that lists methodologies of calculating true costs of pollution
This paper tries to calculate the global costs of extreme weather that are attributable to climate change. This is what you were asking for.
Just split up this unpaid cost to the state caused by fossil fuel firms by their annual global revenue on emissions causing products.
This would’ve been so great like 30 years ago
Companies have lied to the public, hidden facts, and spewed propaganda for decades.
I think the public has every right to seize the assets and wealth of these companies as compensation.
It’s that process of refining oil to make gasoline that pollutes the most.