Climate Risk Economics
@climateeconomics.bsky.social did:plc:vw2faru5bxtourzscn5lteut
Science, analysis, and news around climate change's impacts on the economy, focusing on growth, inflation, investment, companies, consumers #ClimateRisk #ClimateImpacts
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Climate Risk Economics (@climateeconomics.bsky.social) est sur Bluesky depuis le 25 octobre 2024. Le compte a 2 456 abonnés, suit 1 158 comptes et a publié 1 990 posts.
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The one quote I remember from William Nordhaus, the last sentence of a presentation he gave: "And anyway, all the consequences of global warming are reversible."
Voir le postIndeed, I was just pointing to a potential source of the misstatement (2°C being optimal at a particular point in time rather than always). The same chapter does say that waiting 10 years before implementing the (then) optimal response has negligible welfare cost, which can also be misinterpreted...
Voir le post... to argue that the way Nordhaus evaluated tradeoffs between mitigation and economic growth and how they interacted to plot a welfare maximum, or that the implied mitigation was too slow and not deep enough (although always *massively* more than US politics ever delivered🤷) - those are fair game.
Voir le postSo William Nordhaus died? Good riddance. A man who never met a second or third-order exponential effect that couldn't be reduced to a smooth linear curve so he could get his head around it. And got honoured by the 'Smooth Linear Curves Are All That Exists, Trusts Us We're Economists' Society for it.
Voir le postPrecisely. (It's about William Nordhaus)
Voir le post
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