Columnist George Will weighs in on the economics of climate change:
Climate Cassandras say the facts are clear and the case is closed. (Sen. Barbara Boxer: "We're not going to take a lot of time debating this anymore.") The consensus catechism about global warming has six tenets: 1. Global warming is happening. 2. It is our (humanity's, but especially America's) fault. 3. It will continue unless we mend our ways. 4. If it continues we are in grave danger. 5. We know how to slow or even reverse the warming. 6. The benefits from doing that will far exceed the costs.
Only the first tenet is clearly true, and only in the sense that the Earth warmed about 0.7 degrees Celsius in the 20th century. We do not know the extent to which human activity caused this. The activity is economic growth, the wealth-creation that makes possible improved well-being—better nutrition, medicine, education, etc. How much reduction of such social goods are we willing to accept by slowing economic activity in order to (try to) regulate the planet's climate?
Whole Will column here.
And in his column, my friend Jonah Goldberg looks at trading off wealth against warming and decides on wealth:
Earth got about 0.7 degrees Celsius warmer in the 20th century while it increased its GDP by 1,800 percent, by one estimate. How much of that 0.7 degrees can be laid at the feet of that 1,800 percent is unknowable, but let's stipulate that all of the warming was the result of our prosperity and that this warming is in fact indisputably bad (which is hardly obvious). That's still an amazing bargain. Life expectancies in the United States increased from about 47 years to about 77 years. Literacy, medicine, leisure and even, in many respects, the environment have improved mightily over the course of the 20th century, at least in the prosperous West.
Given the option of getting another 1,800 percent richer in exchange for another 0.7 degrees warmer, I'd take the heat in a heartbeat.
Jonah's column here.
Now discuss, hector, posture, call people names, whatever.