[The Raven]

Another point

The ecomonic models all assume little dynamic effects from global warming mitigation. The price of electricy and other carbon-based products will increase substantially, and decrease the world GNPby who knows how much. World recessions are not discussed but probable. Also the indivdual's behavior will change with higher prices and energy use will decline.

[The Raven]

See also the WSJ editorial

[proud_yank]

ping

[mkjessup]

I didn't know Howard was getting into economic news like this. I'm impressed.

[Ditto]

But he assumes that we will continue to pump out carbon far into the 22nd century--a rather unlikely scenario given the falling cost of alternative fuels, and especially if some of his predictions become clear to us toward the end of this century. Thus he estimates that the higher temperatures of eight degrees Celsius in the 2180s will be very damaging, costing 11% to 14% of GDP.

This is a hoot. These guys are actually making GDP calculations 175 years out. Idiocy. That would be like the Andy Jackson administration getting together with King William IV of England to plan economic policy for today. It generally takes economists a year to figure out what really happened in the previous year, and somehow they expect us to take them seriously when the are throwing around predictions for an economy six generations in the future.

[MCH]

The review correctly points out that climate change is a real problem, and that it is caused by human greenhouse-gas emissions.

Well they got it half right. Once again, their basic premise is based upon junk science and still highly inaccurate models... and they move on from there.

[Tolerance Sucks Rocks]

PING!

[Buzwardo]

BTTT.

[goldstategop]

Global Warming plays well in the West but is a dead letter in the Third World. China, India and other developing countries are not going to forsake the benefits of economic modernization in exchange for some theoretical reduction in global temperatures that will not be realized in the lifetime of those living and their immediate descendents.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus