While I think it is a mistake to motivate this estimate with a 2017 BOTEC (here we agree!), it is also mistaken to claim that such a range – spanning more than two OOMs and high and fairly low cost-effectiveness – is implausible as a quite uncertain best guess.
As discussed many times, CCF grantmaking does not rely on 2017 BOTECs and neither does my best guess on cost-effectiveness (Vasco operationalized it one specific way I am not going to defend here, I am just defending a view that expected cost-effectiveness is roughly in the 0.1 USD/t to to 10 USD/t range).
Why an estimate in this range seems plausible
This seems plausible for many reasons, none of which depending on the specific BOTEC:
I. Outside-view multiplier reasoning
Note that these are overall quite weak assumptions and, crucially, if you do not buy them you should probably also not buy the cost-effectiveness analyses on corporate campaigns for chicken welfare.
II. Observations of grants and inside-view modeling
III. Learning from other areas of philanthropy
Most areas of philanthropy seem structured such that, when being alright with risk neutrality and leveraged theories of change, one can get significant multiplier.
For example, I am quite confident that the implied multiplier for the case of chicken welfare campaigns compared to direct action is likely similarly large for what we are assuming for the case of Climate Fund. I also do not think any nuclear risk grant-maker would find it implausible that they could reduce nuclear risk 100x more cost-effectively (in expectation) than whatever the direct action equivalent would be. Or a global health grant-maker that would expect that their grants are 100x more cost-effective by influencing advocacy to have government invest in vaccine RD&D rather than buying equipment for their local hospital.
Bottom line: This cost-effectiveness range as a risk-neutral best guess does not depend on a 2017 BOTEC, but rather can be motivated via different streams of reasoning and evidence.
(I also think the critique of the 2017 BOTEC is way over-confident but this would be a separate comment)
@Vasco Grillo would be well-placed to do the math here, but I have the strong intuition that under most views giving some weight to animal welfare the marginal climate damage from additional beef consumption will be outweighed by animal suffering reduction by a large margin.
My sense is that it is not a big priority.
However, I would also caution against the view that expected climate risk has increased over the past years.
Even if impacts are faster than predicted, most GCR-climate risk does probably not come from developments in the 2020s, but on emissions paths over this century.
And the big story there is that the expected cumulative emissions have much decreased (see e.g. here).
As far as I know no one has done the math on this, but I would expect that the decrease in likelihood of high warming futures dominates somewhat higher-than-anticipated warming at lower level of emissions.
Even if one is skeptical of the detailed numbers of a cost effectiveness analysis like this (as I am), I think it is nonetheless pretty clear that this 1M spent was a pretty great bet:
I think there’s a failure mode of looking at a cost-effectiveness model like this and rightly thinking -- this is really crude and unbelievable! -- while, in this case, wrongly concluding that this wasn’t a great bet even though it is hard to put into a credible BOTEC.
I am also just beginning to think about this more, but some initial thoughts:
I agree with you that the 2018 report should not have been used as primary evidence for CATF cost-effectiveness for WWOTF (and, IIRC, I advised against it and recommended an argument more based on landdscaping considerations with leverage from advocacy and induced technological change). But this comment is quite misleading with regards to FP's work as we have discussed before:
It seems like that this number will increase by 50% once FLI (Foundation) fully comes online as a grantmaker (assuming they spend 10%/year of their USD 500M+ gift)
https://www.politico.com/news/2024/03/25/a-665m-crypto-war-chest-roils-ai-safety-fight-00148621
Interesting, thanks for clarifying!
Just to fully understand -- where does that intuition come from? Is it that there is a common structure to high impact? (e.g. if you think APs are good for animals you also think they might be good for climate, because some of the goodness comes from the evidence of modular scalable technologies getting cheap and gaining market share?)
Thanks, this updates me, I had cached something more skeptical on chicken welfare campaigns.
Do you have a sense of what "advocacy multiplier" this implies? Is this >1000x of helping animals directly?
I have the suspicion that the relative results between causes are -- to a significant degree -- not driven by cause-differences but by comfort with risk and the kind of multipliers that are expected to be feasible.
FWIW, I also do believe that marginal donations to help farmed animals will do more good than marginal climate donations.