By Bjorn Lomborg
The leftists hate Bjorn Lomborg simply because he comes up with good lower price version suggestions to the alarmist thought of run away international warming instead of the big govt keep watch over over daily americans the alarmist favor.
He does think that CO2 is inflicting a few warming yet lays out a cogent method of deal with the problems.
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Extra resources for Global Crises, Global Solutions
Incorporating Risk of Catastrophe A third issue that warrants emphasis is the question of catastrophic impacts. The most well known is that of the shut-down of thermohaline circulation in the Atlantic ocean. There is a ‘conveyor belt’ that involves the sinking of cold water near the Arctic and upwelling of warm water in the Southern Atlantic, giving rise to the Gulf Stream which keeps northern Europe warm. Increased melting of polar ice could reduce the salinity and specific gravity of the cold water entering the ocean there, possibly shutting down the ocean conveyor belt.
Thus, whereas by 2055 in the original version the optimal carbon tax is $33, when pure time preference is zero the optimal tax is $240 at that date. 1. 2. DICE99NB optimal carbon taxes at alternative pure time preference rates only. 18 However, as discussed above, ‘full optimization’ including a major boost to the savings rate, is not realistic. The analyses that follow optimize only the carbon tax and treat the savings rate as exogenous. Discounting Future Consumption As discussed above, the social cost-benefit approach uses the SRTP to discount future consumption.
Then, in the final hour, the specialists left and the experts discussed their various reasons and considerations for their proposed ranking, which they would then perform before ending the session. The Final Ranking The job of the experts was to rank all the suggested opportunities in a single list. It was originally anticipated that they would be able to make numerical estimates of the costs and benefits of the individual opportunities, but early in the process the experts declined to do this given the evidence and time constraints brought before them.