Part 2 at IER of my commentary on “Risky Business,” the climate change analysis co-chaired by Michael Bloomberg, Hank Paulson, and Thomas Steyer. An excerpt:
Thus we see the fundamental flip-flop: Rubin’s long quotation from page 44 can only make sense if the Report is urging a globally-coordinated government crackdown on carbon emissions. Yet on the very next page, Snowe claims that “we” (which presumably means the Americans reading the report, which focuses on regional U.S. impacts) have the power to avert this catastrophe.
These two claims do not fit together. Even if policymakers took Rubin’s advice to “act now” and immediately halted all further U.S. carbon dioxide emissions forever, this draconian move would only make global temperaturesone-tenth of a degree Celsius cooler in the year 2100 than they would otherwise be, if the U.S. government took no action.
Incidentally, here is the video compilation I made the graphics guy at IER assemble, in response to Paulson saying he knows about risk management and that’s why we should take him seriously as he lectures us on climate change: