In this absurd discussion of VOSL,one more absurdity will set things right. It is precisely for the fact that there are no compensating mechanisms,that the lives should be equal. Frankly,this is simply not the way to go about solving climate change problem.
More animosity is generated than necessary by such discussions that go nowhere.
Economists have nothing to say about this matter that is enlightening. Diplomats will do better at this. Try to find other ways please. The money was invented for simplify transactions among human beings and not to complicate things.