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Old 10-24-2018, 03:01 PM   #3447 (permalink)
aerohead
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economists

Quote:
Originally Posted by sendler View Post
https://www.resilience.org/stories/2...w-15-oct-2018/
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The Wall Street Journal responded with an Op-Ed accusing the UN of ignoring the reality of economics and asserting that no climatic conditions could be so bad that it would be worth spending some $50 trillion to mitigate. Rather than a crash program, the Journal recommends spending more on R&D so that new cheaper sources of energy could be developed. On Capitol Hill, a parade of GOP lawmakers dismissed the report’s policy recommendations as wildly impractical, using ridicule to do so. “They might as well be calling on me to sprout wings and fly to Canada for the summer,” Sen. Roger Wicker (R-Miss.), a climate change skeptic, said of the actions urged by the report. “It’s totally unrealistic,” Sen. John Kennedy (R-La.) said. “They must have parachuted in from another planet.”

From the reactions to the report, it was evident that a critical mass realizing that climate change is a significant threat to human civilization has not yet formed. While the endless succession of drought, floods, and unprecedented storms continues, they are not yet deemed frequent or damaging enough to overcome the costs and dislocations that would be caused by a rapid shift away from the fossil fuels that supply some 85 percent of the world’s energy.
economists are not scientists.what would they know?
Congressmen are just there to protect the lobby which funds their election campaign,re-election campaign.
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