Sunday, January 26, 2014

More Comprehensive Assessments of Human Activity Needed

I’m not aware of what long term economic/environmental & social/cultural impacts went into determining how much the royalty fee should be increased, but in general I support such actions. While I know many in the building/construction industry will disagree, there is a growing recognition that we must do a better job accounting for the true financial costs of the environmental and social/cultural impacts our actions have - short term and long term.
One example of this that takes a long term view is the social cost of carbon (SCC -, the government’s very conservative estimate of climate change damages resulting from carbon pollution, given in dollars per ton of CO2.
The negative reactions to such broader, more comprehensive assessments of human activity are understandable - it impacts the financial bottom line for many companies and individuals. But its the only way to ensure a long term viability of not just our physical environment, but also for society as a whole.

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