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August 25, 2020 10:00am by David Farrar

Lomberg slays Stiglitz

Bjorn Lomberg slays Joseph Stiglitz in his response to a review of Lomberg’s book by Stiglitz. It is a classic step by step destruction.

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Comment14

International Politics
Uncategorized
Bjorn Lomborg
Climate Change
Joseph Stiglitz

Comments (14)

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Critical Thinker

Summary of the slaying of Joseph Stiglitz from the New York Times: ?

“Stiglitz makes 12 substantial claims in his review. Stunningly, all 12 are demonstrably false:

1. Stiglitz claims I draw heavily on Nordhaus for a high cost of 2°C and 1.5°C. This is false, because Nordhaus manifestly says it can’t be done.

2. Stiglitz claims that his report estimates “a moderate price” for reaching the Paris agreement. This is false. There is no estimate of the total economic cost in his High-Level Commission on Carbon Prices.

3. Stiglitz claims extreme weather has already become more expensive. This is demonstrably false.

4. Stiglitz claims that the US experienced 1.5% cost from extreme weather, suggesting this is because of climate change and is increasing. The fact is, it is mostly or entirely not because of climate change, and the trend is decreasing. False.

5. Stiglitz claims that Nordhaus and I don’t take risk into account. We do, demonstrably and repeatedly. False.

6. Stiglitz claims that social cost of carbon estimates are increasing over time. They are not. False.

7. Stiglitz seems to claim that Nordhaus and I use too high a discount rate. This is an opinion and seems unsubstantiated. But his specific suggestion that we use a 7% discount rate is straight-out false.

8. Stiglitz claims I ignore regulation as an alternative for a carbon tax. This claim is manifestly false — the whole third part of my book is about regulations beyond a carbon tax to tackle climate.

9. Stiglitz claims I should have written that Wall Street could be underwater by 2100. I didn’t because writing this is actually false. In any realistic scenario Wall St (and almost all other valuable areas) will be protected. False statement.

10. Stiglitz claims that Copenhagen Consensus lacked “true experts” but we actually included 27 of the world’s top climate economists. False.

11. Stiglitz says I’m right that there are other problems in the world, but that is a false choice, because it is possible to walk and chew gum at the same time. That is just glib: all peer reviewed climate economics show that there are real tradeoffs on climate policy — more expensive policy has benefits, but also leads to fewer resources for other areas. Indeed, the Paris Agreement will lead to more poverty. Saying “walk and chew gum” does not make the hard choices go away. False.

12. Stiglitz claims that the new 2018 IPCC report shows that I’m wrong. But unfortunately, they actually quote numbers that are similar (and somewhat lower, not higher as Stiglitz claims). False.”
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August 25, 2020 10:46am
- Critical Thinker
  
  Don’t believe the hysteria over climate change. It’s more about expanding bureaucratic power than saving the planet. Bjorn Lomborg, Director of the Copenhagen Consensus Center, breaks down the facts about the environment and shows why the reality of climate change may be very different from what you hear in the media.
  https://www.youtube.com/watch?v=tUR0LrSadkg
  
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  August 25, 2020 10:48am
CJames

The fact that Stiglitz got it all wrong will not sway the true believers. They will still say he demolished Lomborg. That’s the way things work. Facts are irrelevant, its feelings that matter.
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August 25, 2020 11:07am
Nigel Kearney

Lomborg
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August 25, 2020 11:14am
EuropeanCanon

A classic destruction that nobody who reads American Pravda will ever see.
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August 25, 2020 11:15am
cmm

Yes, the cost – in lives and dollars – of weather damage has increased.

Why? Well:
1) In the old days people were clever enough to keep away from marginal areas (tidal marshlands, floodplains etc). Now people live their and build there. Some of this is due to this being the only available land around cities which have already built up all the safe land (eg. New Orleans) so then the city expanded into unsafe reclaimed land. This leads to both more damage cost and more deaths.
2) Population migration to cities means poor people end up in shanties etc on unbuilt marginal land. Classic case is Bangladesh. Every time there’s a flood or a monsoon thousands of people get drowned/displaced.
3) Federal insurance in the USA removes personal risk. People keep building in tornado country etc because they are incentivized to do so. Thus cost of damage keeps going up.
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August 25, 2020 12:08pm
- CJames
  
  When the next big storm or tsunami comes in and devastates Papamoa, that will no doubt be climate change and sea level rise, rather than poor building zoning.
  
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  August 25, 2020 12:23pm
David George

New York Times review.
Nuff said.
How that paper degenerated from “the newspaper of record” into a complete bullshit factory would make a great book.
How about it Bari Weiss?
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August 25, 2020 12:11pm
cmm

Live there, not their. Bugger.
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August 25, 2020 12:11pm
thirteenstars

You just have to look where the true believers build/buy their homes. It’s always nice beachfront property. Apparently their little bit of beachfront will be immune from the climate-related increase in storms and rising sea levels.

Obama’s $12m property with 30 acres of very dangerous beachfront.

https://www.townandcountrymag.com/leisure/real-estate/a30169311/barack-michelle-obama-buy-marthas-vineyard-house/

Pray for them, people, they are in danger of being drowned, their huge investment made worthless. What was their financial advisor thinking? Don’t they read the headlines?
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August 25, 2020 1:59pm
- scrubone
  
  Yep. I’ll believe it’s an emergency when those who tell me it’s an emergency, act like it’s an emergency.
  
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  August 25, 2020 4:25pm
Ace

Surely we should question anything Proponents of climate change say after seeing the over the top modelling used for coronavirus deaths in NZ.
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August 25, 2020 3:07pm
CJames

A more sympathetic review of Lomborg’s book:
https://wattsupwiththat.com/2020/08/24/false-alarm-book-review/
There are some interesting quotes from the book that give a lot of food for thought.
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August 25, 2020 3:10pm
ben

Good on you for posting this, David.

The folks who call climate change a “crisis” sure have a hard time showing climate change is even a problem.

It is not clear any climate policies would survive cost-benefit analysis, since climate is less sensitive to carbon than once believed and the costs of gradual warming are probably net negative i.e. beneficial. All policies should be tested for net benefits.
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August 25, 2020 10:56pm

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