30 Jan '12, 6pm

Scientists Aiming to Challenge Climate Science in @WSJ Appear to Flunk Climate Economics, too:

I’m pulling together some reactions to facets of the much discussed Wall Street Journal op-ed on climate overstatement and wanted to get your reaction to their views of your work…. Here’s the link and the relevant passage: A recent study of a wide variety of policy options by Yale economist William Nordhaus showed that nearly the highest benefit-to-cost ratio is achieved for a policy that allows 50 more years of economic growth unimpeded by greenhouse gas controls. This would be especially beneficial to the less-developed parts of the world that would like to share some of the same advantages of material well-being, health and life expectancy that the fully developed parts of the world enjoy now. Many other policy responses would have a negative return on investment. And it is likely that more CO2 and the modest warming that may come with it will be an overall benefit to t...

Full article: http://dotearth.blogs.nytimes.com/2012/01/30/scientists-c...

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