Freeman Dyson on Global Warming |
| Published: May 25, 2008, 3:28 pm |
| Tags: travel, global warming environmentalism |
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In this article, Dyson looks at two books on global warming and adds his own genius to the mix. I found these paragraphs interesting, though--an economist's view of what to do about global warming:Here are the net values of the various policies as calculated by the DICE model. The values are calculated as differences from the business-as-usual model, without any emission controls. A plus value means that the policy is better than business-as-usual, with the reduction of damage due to climate change exceeding the cost of controls. A minus value means that the policy is worse than business-as-usual, with costs exceeding the reduction of damage. The unit of value is $1 trillion, and the values are specified to the nearest trillion. The net value of the optimal program, a global carbon tax increasing gradually with time, is plus three that is, a benefit of some $3 trillion. The Kyoto Protocol has a value of plus one with US participation, zero without US participation. The "Stern" [ Full article ] |
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