Re: Hot World, Cold Cash
I'm already irritated five minutes in. Nordhaus's incredibly mediocre economic calculus completely fails to take into account the economic offsets produced by a growing alternative energy market. To pretend, in this fantasy-like manner, that we would only see the negative effects of cap-and-trade without the positive effects of a new industry seems more than obnoxiously naive.
Further, the 3-5 degree temperature estimate does not take into account the release of methane from the Arctic Tundra and from deposits in the ocean. My grand hopes for a good bloggingheads dialogue are, as usual, disappointed. At least get Thomas Friedman on if you're going to interview these trashy National Review writers.