praxeologist on Nostr: The Trudeau government’s decision to ban gasoline-powered cars by 2035 in the drive ...
The Trudeau government’s decision to ban gasoline-powered cars by 2035 in the drive to “net zero” emissions is part of a global policy agenda kickstarted by a 2018 “Special Report” issued by the United Nations’ Intergovernmental Panel on Climate Change (IPCC). The report, titled Global Warming of 1.5°C, was commissioned to study the potential benefits of limiting warming to 1.5 degrees Celsius rather than the 2.0°C target stated in the Paris Agreement.
By coincidence, the same weekend the UN released its “Special Report,” Yale economist William Nordhaus won the Nobel Memorial Prize for his pioneering work on the economics of climate change. Major media treated the two events as complementary, assuming Nordhaus’ work supported the 1.5°C goal. On the contrary, his modeling work projected that the “optimal” amount of global warming by the year 2100 would be 3.5°C, a full two degrees higher than the popular target. In fact, Nordhaus’ model estimated that a 1.5°C ceiling would be so harmful to the economy that it would be better for humanity if governments did nothing at all about climate change rather than pursue such a draconian policy.
Read more here: https://www.fraserinstitute.org/commentary/15degc-global-warming-target-based-shaky-science
#economics #climatechange #un #grownostr
By coincidence, the same weekend the UN released its “Special Report,” Yale economist William Nordhaus won the Nobel Memorial Prize for his pioneering work on the economics of climate change. Major media treated the two events as complementary, assuming Nordhaus’ work supported the 1.5°C goal. On the contrary, his modeling work projected that the “optimal” amount of global warming by the year 2100 would be 3.5°C, a full two degrees higher than the popular target. In fact, Nordhaus’ model estimated that a 1.5°C ceiling would be so harmful to the economy that it would be better for humanity if governments did nothing at all about climate change rather than pursue such a draconian policy.
Read more here: https://www.fraserinstitute.org/commentary/15degc-global-warming-target-based-shaky-science
#economics #climatechange #un #grownostr