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A foolish overreaction to climate change
FT ^ | 04/06/08 | Nigel Lawson

Posted on 04/07/2008 8:01:39 AM PDT by TigerLikesRooster

A foolish overreaction to climate change

Nigel Lawson

Published: April 6 2008 18:49 | Last updated: April 6 2008 18:49

Over the past five years I have become increasingly concerned at the scaremongering of the climate alarmists, which has led the governments of Europe to commit themselves to a drastic reduction in carbon emissions, regardless of the economic cost of doing so. The subject is such a complex one, involving science, economics and politics in almost equal measure, that to do it justice I have written a book, albeit a short one, thoroughly referenced and sourced. But the bare bones are clear.

First, given the so-called greenhouse effect, the marked and largely man-made increase in carbon dioxide concentrations in the earth’s atmosphere has no doubt contributed to the modest 20th century warming of the planet. But what remains a matter of unresolved dispute among climate scientists is how great a contribution it has made, compared with the natural factors affecting the earth’s climate.

The majority view among climate scientists, as set out in the most recent report of the Intergovernmental Panel on Climate Change, is that “most” of the slight (0.5ºC) warming in the last quarter of the 20th century was “very likely” caused by man-made carbon dioxide emissions. On that basis, and relying on computer models, its “best guess” of the likely rise in mean global temperature over the next 100 years is between 1.8ºC and 4ºC.

These projections were made, incidentally, before the recent acknowledgement that so far this century there has been no further global warming at all – in spite of a continuing rapid rise in carbon emissions.

Be that as it may, the IPCC goes on to estimate what the impact of the projected warming would be. It does so on the explicit basis of two assumptions. The first is that, while the developed world can adapt to warming, the developing world lacks the capacity to do so. The second is that, even in the developed world, adaptive capacity is constrained by the limits of existing technology – that is to say, there will be no further technological development over the next 100 years.

The first, distinctly patronising, assumption is almost certainly false. But even it were true it would mean only that, should the need arise, overseas aid programmes would be tailored to ensure that the developing world did acquire the necessary adaptive capacity. The second is self-evidently absurd, not least in the case of food production, given the ongoing developments in bio-engineering and genetic modification.

It is, however, on this flawed basis that the IPCC reckons that, if the rise in global temperature over the next 100 years is as much as 4ºC, it would be likely to cost anything between 1 per cent and 5 per cent of global gross domestic product, albeit much more than this in the developing world and less in the developed world.

Even if that were so, what would it mean? Suppose the loss to the developing world were as much as 10 per cent of GDP, then – given the IPCC’s economic growth assumptions, on which its emissions assumptions, and hence its warming assumptions, are based– it would imply that, by 2100 or thereabouts, people in the developing world, instead of being some 9.5 times as well off as they are today, would be “only” some 8.5 times as well off – which would still leave them better off than people in the developed world today. This, then, is the scale of the alleged threat to the planet – based, to repeat, on the IPCC’s grossly inflated estimate of the likely damage from further warming, arising from its absurdly gloomy view of mankind’s ability to adapt.

Indeed, given that warming produces benefits as well as costs, it is far from clear that for the people of the world as a whole, the currently projected warming, even if it occurs, would cause any net harm at all. By contrast, slowing down world economic growth, by shifting to much more expensive non-carbon sources of energy, would be massively costly, as Dieter Helm, Britain’s foremost energy economist, has recently spelt out.

That is one good reason why the sought-after global agreement to cut back drastically on carbon dioxide emissions, embracing China, India and the other major developing countries, is not going to happen. But two very real dangers remain.

The first is that the European Union, which already has the bit between its teeth on this issue, will severely damage its own economy by deciding to set an example to the world. And the second is that it will seek to limit that damage, as President Nicolas Sarkozy of France and others are already urging, by imposing trade barriers against those countries that are not prepared to accept mandatory cuts in their emissions.

A lurch into protectionism, and the rolling back of globalisation, would do far more damage to the world economy in general and to the developing countries in particular than could conceivably result from the projected resumption of global warming.

It is high time this folly ended.


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: climatechange; eu

1 posted on 04/07/2008 8:01:40 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...

Ping!


2 posted on 04/07/2008 8:02:14 AM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigerLikesRooster

Since the liberals aren’t afraid of terrorism anymore, global warming hysteria will take it’s place and continue to bilk money from these fools. I’d give absolutely anything to see Gore vs. Sanford in 2012!


3 posted on 04/07/2008 8:07:26 AM PDT by Rob112586 ("...a decrease in the quantity of legislation generally means an increase in the quality of life.")
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To: TigerLikesRooster
These projections were made, incidentally, before the recent acknowledgment that so far this century there has been no further global warming at all – in spite of a continuing rapid rise in carbon emissions.

Does anybody know the source of this claim? I've been reading a lot of debates on this lately. I see this claim made a lot, and refuted a lot, without either side getting specific about where data is coming from.

4 posted on 04/07/2008 8:09:54 AM PDT by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: TigerLikesRooster

bump


5 posted on 04/07/2008 8:13:11 AM PDT by lesser_satan
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To: TigerLikesRooster

Climate change ping


6 posted on 04/07/2008 8:15:27 AM PDT by gleeaikin
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To: TigerLikesRooster
Mr. Lawson naively assumes the left are motivated by helping people but in reality they are motivated by robbing people.
7 posted on 04/07/2008 8:25:59 AM PDT by ryan71
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To: TigerLikesRooster

Since the climate has never been stable in its history, the overreaction isn’t to climate change but to scare-mongering by new-age gaiasts.


8 posted on 04/07/2008 8:49:47 AM PDT by Sgt_Schultze
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To: Minn

See http://rankexploits.com/musings/2008/accounting-for-enso-cochrane-orcutt/

” Did the IPCC recent AR4 prediction/projections correctly estimate the magnitude of warming? Did the IPCC correctly communicate the uncertainty in their estimate of the central tendency based on their hierarchy of models?

I think the answer to both questions is no.”


9 posted on 04/07/2008 9:27:06 AM PDT by Number_Cruncher
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To: TigerLikesRooster
"...computer models, its “best guess”..."

The use of one model to report from various spots around the world, many placed where they recieve heat from aparatus near them and one model for all is wrong. Models must be "built" for the area they are measuring to get even close to the truth...this has not been done. Man's contributions, if any, are still much, much lower that those of thousands of years ago.

10 posted on 04/07/2008 10:15:17 AM PDT by yoe ( Socialism with Obama or Clinton - Democracy with McCain)
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To: Minn

The data from GISS (NASA) and the UK’s Hadley Center, which are both ‘believers’ in AGW, shows that their global temperature ‘anomaly’ peaked in 1998 and has been flat or declining since then, especially since June 2007.


11 posted on 04/07/2008 10:20:24 AM PDT by expatpat
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To: TigerLikesRooster
The first is that the European Union, which already has the bit between its teeth on this issue, will severely damage its own economy by deciding to set an example to the world. And the second is that it will seek to limit that damage, as President Nicolas Sarkozy of France and others are already urging, by imposing trade barriers against those countries that are not prepared to accept mandatory cuts in their emissions.

Well, why not? The Eurocrats are just pre-Muslimizing themselves with comprehensively delusional and self destructive actions.

12 posted on 04/07/2008 11:42:06 AM PDT by Post Toasties (It's not a smear if it's true.)
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To: TigerLikesRooster

BTTT


13 posted on 04/07/2008 1:48:04 PM PDT by neverdem (I'm praying for a Divine Intervention.)
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To: TigerLikesRooster; IrishCatholic; Delacon; TenthAmendmentChampion; Horusra; CygnusXI; Fiddlstix; ...
 


Global Warming Scam News & Views

14 posted on 04/07/2008 2:42:55 PM PDT by steelyourfaith
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To: Minn
Here, exactly, is the source of these claims. The following chart is Midlevel troposphere Temps: precisely what the alarmists believe “ought to” respond most strongly to “global warming” due to CO2. These are measured by satellite, and were touted by everyone as being the most accurate measurement of global temps. Of course, the alarmists are trying to distance themselves from that statement, but that is the way it is. By now, there is a clear plateau since President Bush came into office, whereas the previous two decades showed a slight warming. The next 5 years will be very important to seeing whether this plateau continues.

For more info, I suggest the following web page:
http://www.junkscience.com/MSU_Temps/Warming_Look.html

15 posted on 04/07/2008 10:02:15 PM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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