It does NOT pay off to reduce emissions, in the short term or the long term.
A single factory will not suffer the consequences of global warming, and has an incentive to produce as many bad emmisions as possible, and make OTHER people pay for the consequences.
It pays off in a less tangible sense, that the people who run the factory will have a successful line of children.
> That's why it is a prisoners dilemma.
I disagree. In the prisoner's dilemma the prisoner chooses to defect despite it ultimately and predictably having a negative effect on himself personally.
A single factory will not suffer the consequences of global warming, and has an incentive to produce as many bad emmisions as possible, and make OTHER people pay for the consequences.
That's why it is a prisoners dilemma.