A recent publication by the Manhattan Institute looks at the costs of proposed climate change policies versus the estimated benefits. Note that positive effects from warming are not included, only the benefits of reduced damages from assumed future warming. Even on that narrow basis, the costs of “fighting” climate change are vastly greater than simply adapting to a changing climate. The paper is entitled: Climate Costs in Context (here). Excerpts below
Uncertain Greenhouse Effects
The chain of causation from greenhouse gas emissions to human impacts is lengthy: economic growth, the energy intensity of economic activity, and the emissions profile of energy use all combine to determine emissions levels. Those emissions then produce a concentration of greenhouse gases in the atmosphere, from which climate models can offer projections of temperature increase. Other models must translate any given temperature increase into estimates of natural-world effects, such as sea-level rise, drought…
View original post 579 more words

Recent Comments