Nobel economist Stiglitz tells us we need to suffer through hardship equal to World War III to fight climate change His economic arguments for accepting policy costs of $100+ trillion are unfocused and wrong Climate seems to eradicate any common sensehttps://www.theguardian.com/commentisfree/2019/jun/04/climate-change-world-war-iii-green-new-deal …
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So on this basis: - climate costs of 2% GDP, exaggerated 4x and will change almost nothing even if CO₂ cut to zero - unsubstantiated health costs, although cold is killing more and increasing - a cliche on prevention - metaphor on WWII he wants us to spend $trillionspic.twitter.com/wzcwMwFe9J
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Yet, another Nobel Laureate who's actually studied climate (and got his Nobel in climate economics), Nordhaus, shows the update of the UN Climate Panel estimate of the cost of climate (these are all the major studies of costs) 2-4% of GDP by 2100 https://www.nber.org/reporter/2017number3/nordhaus.html …pic.twitter.com/IGkt1QEf6a
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Stiglitz casually suggests that civilization and our lives are at risk. He has read too much Guardian This is simply untrue. If you read the UN Climate Panel reports, this is not what they say Climate change costs 2-4% of GDP, not the end of the worldpic.twitter.com/qkBUc4XcaE
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By the end of the century, average person in world likely 5-10x richer, with African up to 34x, UN scenarios (SSPs) (Inconveniently, richest world is fossil-fuel world SSP5) 2-4% warming costs of incomes 500-1000% higher is NOT existential crisis https://www.sciencedirect.com/science/article/pii/S0959378016300681?via%3Dihub …pic.twitter.com/rbkYcTA5GH
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Which is why the Nobel laureate in actual climate economics finds that, yes, we should do something, but not too much: Cost of nothing: 3% Smart policy, reduce temp a bit: 2.3% Go towards Stiglitz, Greta Thunberg etc: 4% and upwards https://www.aeaweb.org/articles?id=10.1257/pol.20170046 …pic.twitter.com/MkDyjC3cir
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How the hell can a smart guy like Stiglitz write such unfounded drivel? Yes, climate a problem, yes, fix it smartly with moderate CO₂ tax and green innovation But let's stop the ridiculous alarmism asking for $trillions with little or no argument but fear https://www.project-syndicate.org/commentary/climate-change-emissions-rhetoric-reality-by-bjorn-lomborg-2019-05 …
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Keskustelun loppu
Uusi keskustelu -
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Prevention of exponentially increasing costs caused by global/aggregate/general/average temperatures rising 1-3 degrees or 2-4 degrees is not an argument?
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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