Great, thank you for this! Look forward to seeing more work also.
And just a quick thought: if we know what the SCC of carbon is for Africa (looks like ~$10), and it’s defined in the way you say, then we could also do the comparison directly with the Africa-SCC figure, rather than converting into US equivalent first e.g.:
1 tonne of CO2 averted → equivalent to $10 of consumption in Africa
If it costs $1 to avert a tonne, then $1 → $10 consumption
$1 cash transfer → $1 of consumption in Africa (or maybe ~$5 to a GiveDirectly-recipient)
$1 to AMF → ~$50 African-consumption-equivalent (thinking of it as 10x GiveDirectly)
So with these figures, carbon offsets are better than cash transfers, but AMF is 5x better than carbon offsets.
Great, thank you for this! Look forward to seeing more work also.
And just a quick thought: if we know what the SCC of carbon is for Africa (looks like ~$10), and it’s defined in the way you say, then we could also do the comparison directly with the Africa-SCC figure, rather than converting into US equivalent first e.g.:
1 tonne of CO2 averted → equivalent to $10 of consumption in Africa If it costs $1 to avert a tonne, then $1 → $10 consumption $1 cash transfer → $1 of consumption in Africa (or maybe ~$5 to a GiveDirectly-recipient) $1 to AMF → ~$50 African-consumption-equivalent (thinking of it as 10x GiveDirectly)
So with these figures, carbon offsets are better than cash transfers, but AMF is 5x better than carbon offsets.