A Danish economist accepts the reality of global warming driven by human activity but regards our current 'panic' as far too simplistic in its remedies. We can adapt and mitigate if we have the economic resources to do so. These in turn will allow us to address the education and poverty issues which are critical in addressing climate change in future. They will also fund vital energy innovation. His forecasts may be a bit too glib for an uncertain long term but he makes a good case for cost/benefit analysis in place of hysteria.
(Tony Pratt - bwl 99 Winter 2021 ) |
