Why the Global Warming Skeptics Are Wrong

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Why the Global Warming Skeptics Are Wrong

The threat of climate change is an increasingly important environmental issue for the globe. I am equally concerned by those who allege... Read More...
The threat of climate change is an increasingly important environmental issue for the globe. I am equally concerned by those who allege that we will incur economic catastrophes if we take steps to slow climate change. The claim that cap-and-trade legislation or carbon taxes would be ruinous or disastrous to our societies does not stand up to serious economic analysis. The finding that global temperatures are rising over the last century-plus is one of the most robust findings of climate science and statistics. The most recent thorough survey by the leading scholar in this field, Richard Tol, finds a wide range of damages, particularly if warming is greater than 2 degrees Centigrade. Major areas of concern are sea-level rise, more intense hurricanes, losses of species and ecosystems, acidification of the oceans, as well as threats to the natural and cultural heritage of the planet. Read less

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Williamnordhaus
Oct 16th, 2018
We need to approach the issues with a cool head and a warm heart. And with respect for sound logic and good science. Current economic studies suggest that the most efficient policy is to raise the cost of CO2 emissions substantially, either through cap-and-trade or carbon taxes, to provide appropriate incentives for businesses and households to move to low-carbon activities. Waiting is not only economically costly, but will also make the transition much more costly when it eventually takes place. A look at my study shows that the cost of waiting fifty years to begin reducing CO2 emissions is $4.1 trillion. Wars have been started over smaller sums.

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