Why,in the face of devastating consequences that are already upon us, is it
so hard to take action to curb man-made global warming?.
The venerable economist considers the usual suspects, and pretty much discounts them. Instituting emission controls will cause minimal economic harm. Even the anti-science U.S. Chamber of Commerce, try as they might, only found modest costs to carbon reductions. Is it the power of vested interests? he wonders.
I’ve been looking into that issue and have come to the somewhat surprising conclusion that it’s not mainly about the vested interests.
They do, of course, exist and play an important role; funding from fossil-fuel interests has played a crucial role in sustaining the illusion that climate science is less settled than it is. But the monetary stakes aren’t nearly as big as you might think.
Read more: Paul Krugman on the Surprising Reason Limiting Carbon Emissions Makes Conservatives so Angry | Alternet
The venerable economist considers the usual suspects, and pretty much discounts them. Instituting emission controls will cause minimal economic harm. Even the anti-science U.S. Chamber of Commerce, try as they might, only found modest costs to carbon reductions. Is it the power of vested interests? he wonders.
I’ve been looking into that issue and have come to the somewhat surprising conclusion that it’s not mainly about the vested interests.
They do, of course, exist and play an important role; funding from fossil-fuel interests has played a crucial role in sustaining the illusion that climate science is less settled than it is. But the monetary stakes aren’t nearly as big as you might think.
Read more: Paul Krugman on the Surprising Reason Limiting Carbon Emissions Makes Conservatives so Angry | Alternet
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