The climate disruption impacts he outlines are scary enough. But in discussing the need for systemic solutions, he doesn’t even mention the dominant global economic system that is hastening the cataclysms he predicts. Gene McGuckin
The ice shelf was cracking up. Surveys showed warm ocean water eroding its underbelly. Satellite imagery revealed long, parallel fissures in the frozen expanse, like scratches from some clawed monster. One fracture grew so big, so fast, scientists took to calling it “the dagger.”
Yves here. In addition to the important reasons given below for shutting economists out of the debate on climate change, an additional one is even Nicholas Stern fell for trying to look at climate change in net present value terms. As anyone how has built financial models will tell you, pretty much anything that happens more than 30 years out is ascribed no value because just about any positive interest rate will result in very long term impacts being discounted to zero.
