Jonassft
@jonassft
If you think of carbon credits as pricing negative externalities (public bads), public goods funding is pricing positive externalities. The perception is that public goods funding is a charity, where funding should go to the projects who need it the most. This is understandable if you look at it as a single shot game
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Jonassft
@jonassft
But in a repeated game, this means that the only way to receive public goods funding is to be underfunded. Resulting in a state where we’re doomed to live in an ecosystem with underfunded public goods.
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