Posted on 01/29/2019 4:00:05 PM PST by DeweyCA
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Far from the “end of the world,” the impact of warming is what we’d expect from roughly a single economic recession taking place over the next half century.
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If the world isn’t ending, and the impact of global warming by 2030 is much less than 0.2 percent to 2 percent of GDP, then we need to start comparing costs with benefits.
This is the bread and butter of William Nordhaus, the only climate economist to win the Nobel Prize. His careful work over many decades shows that a globally coordinated, moderate and rising carbon tax could reduce temperatures modestly. This would cost about $20 trillion and avoid some climate-related harms, ensuring a net benefit of $30 trillion over coming centuries.
But aiming to reduce temperatures more escalates the costs and eventually leaves the planet $50 trillion worse off. Limiting temperature increases to 2°C or less, as many leaders promise, would prove even more costly.
Green fretting about Armageddon is nothing new, of course. In the 1960s, mainstream environmentalists worried that the world was running out of food. In the 1980s, acid rain was going to destroy the planet’s forests. There were good reasons for concern, but a panicked response led to a poor, overly expensive response.
We need to get smarter. Climate change is a problem but not the end of the world.
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If Ocasio-Cortez had...said: “The world is going to see costs worth about 1 percent of GDP in 50 years if we don’t address climate change — and your biggest issue is how to pay for it?” Well, yes: We need to make sure our solution doesn’t cost more than the problem. If we look at science and stop believing the end of the world is nigh, our decisions will be much smarter.
(Excerpt) Read more at nypost.com ...
Knowing her, nothing.
Invincibly ignorant. It would be easier to train ants.
That bimbo would fail a third grade science test,
But, Boston U gave her a grad degree in econ.
And she’s demonstrated her expertise in that subject.
“Never attempt to teach a pig to sing; it wastes your time and annoys the pig.”
Science yes scientists no, they have been sold on global warming because they were told if you want to continue getting subsidized you will back up our scam. As far as teaching this empty head anything, no. Arrogance and being taught thru government indoctrination, you know everything and are far more intelligent than those out there making a living and paying taxes. She was taught to steal from the tip jar and deny it so she can be taught
Dr. Nordhaus is an economist, NOT a “climate scientist”.
Even the many atmospheric physicists, meteorologists, and climatologists who have weighed in on the “global warming” debate and are skeptical about it are NOT considered “climate scientists”. ONLY the developers and purveyors of computer “climate models” are “climate scientists”!!!!
To my knowledge, not one “climate scientist” has ever won a Nobel Prize for Physics (which is the only appropriate category). Several physical scientists who are “global warming” skeptics HAVE won the Nobel Prize for Physics!!!!
Of course, “global warmist” Al Gore won a Nobel Prize, but for “Peace”! And Dr. Nordhaus won a Nobel Prize for Economics. Whom are we going to believe?
Unless they do something about India, China and those massive cargo ships then saving a few trees in the USA isn’t going to do much.
“Al Gore won a Nobel Prize, but for “Peace”! And Dr. Nordhaus won a Nobel Prize for Economics. “
Nobel prizes in other than STEM subjects are worth as much as a paper on calculus by Occasional Cortex.
OAC doesn’t care about the climate as much as she cares about implementing socialism.
No! Ocasio is a human being who has been taken over by a demon!!!!
Both the Orthodox Church and the Roman Catholic Church have good exorcists who can fix her problem. But if they do, Ocasio will have to resign from Congress. GOOD!!!!
What a farce. Spend $20 TRILLION today and maybe, just MAYBE, get $30 trillion of benefits CENTURIES from now.
Economics isn't called "the dismal science" for no reason.
In the real world, a $20 trillion tax would first and foremost line the pockets of politicians, tyrants, caudillos, strong-men, warlords, and despots the world over. The next tranche would be used to buy votes. The remaining trillion would be spent on useless Obama-style "green" energy projects that would all go bankrupt. We'd be impoverished, innovation would stop, unemployment would soar, and the world would plunge into centuries-long depression.
This Nobel-winning climate economist doesn't have a clue how the real world works.
“What science could teach Ocasio-Cortez about climate change”
Electro shock therapy. Every time she said or thought about “climate change/global warming” shock the living shit out of her. 24/7 until desired results achieved.
Occasional Cortex doesn’t care what science says.
You cannot teach AOC anything. She is completely ignorant yet is convinced she knows everything.
Earth...very very small
Man...so friggin small by comparison that he doesn't even factor in to any calculation.
AOC's brain? Fuggedaboutit.
bkmk
I would love to see the mechanism of how making people pay higher taxes affects the climate. I just don't see the connection.
The way I see it, it affects the climate in exactly the same way that throwing virgins into volcanos prevents them from erupting.
As of yet, I know of no scientific experiment that has established that the hypothesized mechanism of carbon dioxide producing heat is a real mechanism. Not only that, but there are plenty of scientific valid, experimentally established, reasons to question the hypothesis.
Why is it that the global warming hysteria mongers always claim that nothing but doom and gloom can result from a warmer earth? Are they not aware of the struggles to survive and the massive species die-offs from the ice ages? Are they not aware that the dinosaurs thrived in a climate that was a few degrees warmer than the current climate?
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