I’ve written a few posts here about the economics of climate change, and of the sorts of goals the government proposes to adopt in response. On the one hand, OECD and IPCC work has suggested that, if anything, the New Zealand economy in aggregate is likely to benefit a bit from warming (albeit with sectoral and regional ups and downs – the sort of thing that is a normal part of economic life). And, on the other hand, the government’s own modelling, undertaken by NZIER, suggests a very high real economic costs to New Zealanders from pursuing a net-zero target.
And so I was interested to see a headline on the Wall St Journal website this morning
U.S. Government Report Warns of Economic Losses From Climate Change
The story noted
Its conclusions are at odds with statements by President Trump, who has been skeptical of global-warming trends, questioned the validity…
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