IPCC SR15 Report lacks cost/benefit analysis of ‘Goldilocks thinking’

Tallbloke's Talkshop

goldilocksThe UN climate report known as SR15 calls for high carbon taxes from $135 to $5,500/ton while a Wall Street Journal op-ed by Bjorn Lomborg of Oct. 9, 2018 says the costs of proposed CO2 cuts are not worth it, leading the Friends of Science Society to slam the UN report as Goldilocks thinking without any rational cost-benefit analysis or practical plan.

Friends of Science says the WSJ paragraph in which Lomborg describes the economic impact on Europe of cutting emissions 80% by 2050 should be front page news in every newspaper in Europe and North America. Lomborg notes that, with a well designed and coordinated climate policy (i.e. the opposite of what European and North American governments have now), the annual costs will reach U.S. $3.3 trillion, “more than twice what EU governments spend today on health, education, recreation, housing, environment, police and defense combined”.

“The policy will make…

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This entry was posted in applied price theory on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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