Nordhaus explain climate clubs @mfe_news @jamespeshaw

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Nordhous summarises the economics of carbon clubs for the benefit of @mfe_news

Impossible to have basic conversation with @mfe_news on climate change economics

Economics of California’s AB32 Global Warming Regulation

#Bikes at night (in the rain) certainly must go

In heavy rain last night, the bike ahead of us with no lights decided to merge into the blind-spot of another car also merging into the central lane. He lived through no good management of his own.

This bicyclist with no lights then joined a pack of three others to slow the traffic down behind them. Only one of the four bicyclists had any lighting or reflective material at all.

They moved in a pack, so the cars including ours could not get around them because the traffic was heavy. Fortunately, the street was well lit so you could see them, just. Bikes must go.

How to argue for doing nothing about global warming when arguing for a climate club enforced by green tariffs!

The best case I’ve seen recently for doing nothing about global warming was put by those arguing with the greatest sincerity and considerable technical skill that the next international climate treaty should be built around a climate club of those that comply with its obligations with green tariffs on those who do not join.

I have long argued that green tariffs are the only reason to do anything about climate change. Much better to collect the revenue ourselves than let it go into the pockets of a foreign taxman.

William Nordhaus has proposed climate clubs as a way of overcoming free riding in international climate negotiations. Specifically, the international climate treaty should authorise members to impose green tariffs on non-members to encourage them to impose their own carbon taxes and carbon emission targets. This has been done before with the Montréal protocol on CFCs. To encourage the phase-out of CFCs countries that did not commit to do so simply could not trade in those goods with members of the club.

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via Climate Deal Badly Needs a Big Stick – NYTimes.com.

4%! A 4% global green tariff is all that is necessary under a climate change treaty that proposes that a carbon price of $50 to apply globally! A 4% green tariff is hardly worth worrying about considering tariffs used to be much much higher than that.

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Given all the stories of why woe and doom touted out by the climate alarmists, climate salvation and the keys to environmental heaven should cost much more than 4% tax?! Your sins are forgiven for a 4% green tariff! Big problems such as a climate crisis are not solved with a 4% green tariff.

I think this green tariff of 4% is an own goal. It reinforces the clear message from the economics of climate change that global warming is actually a small economic problem not a large one.

For developed countries, global warming will be at most a minor irritant. For developing countries, their best solution and the solution they have most control over is to develop faster and become a developed country.

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