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), 25 Ekim 2024 tarihinde katılan bir Bluesky kullanıcısı. 2.456 takipçisi var, 1.158 hesabı takip ediyor ve 1.990 post paylaştı.
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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."
Postu gösterIndeed, 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...
Postu göster... 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.
Postu gösterSo 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.
Postu gösterPrecisely. (It's about William Nordhaus)
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