IPCC lead author: 25 years of failed global warming policies have made us poorer

Atmospheric temperature measurements though Sept 2015
Atmospheric temperature measurements though Sept 2015

I found this article on The Stream, it’s about environmental economist Richard Tol.

It says:

Environmental economist Richard Tol wants the world to deal with global warming, but his data shows the past 25 years of climate policies in rich countries have done nothing to fundamentally tackle the issue.

If anything, Tol argues, current and past climate policies have only served to make most people a little poorer while benefiting those in politically favored industries or with connections to powerful politicians.

“Twenty-five years of climate policy has made most of us a little poorer,” Tol told an audience gathered at the libertarian Cato Institute Friday, adding that such policies also made “some of us a little richer” — referring to those getting green energy subsidies and government grants.

In Tol’s view, climate policies have been more about “rewarding allies with rents and subsidies rather than emissions reduction.”

Tol, no skeptic of man-made global warming, argued current policies to cut emissions have done nothing to change the trend in carbon dioxide emissions reductions over the past 25 years. Basically, U.S. and European climate regulations have not caused emissions to be reduced any faster.

“CO2 intensity in the economy has come down,” Tol said, “but you can’t really see a trend break in 1990. It just seems that the last 20 years were a continuation of the trends of the 20 years before.”

“And this is true for the United States, where there has been some climate policy, but it’s also true for some of the countries — Germany, Japan, United Kingdom — who have consistently claimed to be in climate policy and claim to have done a whole lot to reduce their emissions,” Tol said. “It’s just not visible in the data.”

Tol is probably the world’s leading environmental economist and a lead author of a United Nations Intergovernmental Panel on Climate Change working group, but that hasn’t stopped him from being criticized for his unorthodox opinions.

Tol lashed out against the IPCC last year for exaggerating claims about global warming, by comparing it to an “apocalypse.” The economist also authored articles debunking the “97 percent” consensus claim often touted by environmentalists and politicians.

To be fair, though, he’s not a skeptic like me:

On the other hand, Tol is no skeptic of man-made global warming. He favors taxing carbon dioxide emissions, but has admitted that global warming could initially result in economic benefits from enhanced plant growth, lower heating costs and fewer deaths from the cold.

It never ceases to amaze me how my secular leftist friends believe whatever they want to believe, because they want to believe it, regardless of evidence. I suppose that they will even reject this guy as being “in the pay of the Big Scary Oil Companies”.

One thought on “IPCC lead author: 25 years of failed global warming policies have made us poorer”

  1. There’s an old economics joke: Macroeconomists are wrong about big things and microeconomists are wrong about small things. I can only think an environmental economist is wrong about the environment.

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