Gernot Wagner on Nostr: Steve Keen is out with another broadside against Bill Nordhaus and 'standard' econ ...
Steve Keen is out with another broadside against Bill Nordhaus and 'standard' econ estimates of climate damages via npub17slspk8etr9hwps3c835sn62ehx9shtz53za09kkenvkyre8zwjq0shcj9 (npub17sl…hcj9) https://carbontracker.org/reports/loading-the-dice-against-pensions/
Fine as far as it goes. Heck, sign me up https://gwagner.com/afp-nordhaus-nobel/
But one part of this grates in particular: His repeated claims/implications(?) that Dietz et al (I'm one of the et al's) says that '6°C would lower GDP by 1.4%'.
Of course 6°C causes *much* larger damages. 1/2
Fine as far as it goes. Heck, sign me up https://gwagner.com/afp-nordhaus-nobel/
But one part of this grates in particular: His repeated claims/implications(?) that Dietz et al (I'm one of the et al's) says that '6°C would lower GDP by 1.4%'.
Of course 6°C causes *much* larger damages. 1/2