spending 100 for a return of 3 … killing 200,000 a year

[…] subsidising windmills, wood-burners, anaerobic digesters, electric vehicles and all the rest — is due to cost us £1.8 trillion over the course of this century. In exchange for that Brobdingnagian sum, we hope to lower the air temperature by about 0.005˚C — which will be undetectable by normal thermometers. The accepted consensus among economists is that every £100 spent fighting climate change brings £3 of benefit.

That’s the ludicrous situation the left side of politics has pushed, using threats, bullying, name-calling and more. Dr Ridley nails it:

Matt Ridley on the benefits of climate change (in case it is still warming).

Even if climate change does produce slightly more welfare for the next 70 years, why take the risk that it will do great harm thereafter? There is one obvious reason: Climate policy is already doing harm. Building wind turbines, growing biofuels and substituting wood for coal in power stations — all policies designed explicitly to fight climate change — have had negligible effects on carbon dioxide emissions. But they have driven people into fuel poverty, made industries uncompetitive, driven up food prices, accelerated the destruction of forests, killed rare birds of prey, and divided communities. To name just some of the effects. Mr Goklany estimates that globally nearly 200,000 people are dying every year, because we are turning 5 per cent of the world’s grain crop into motor fuel instead of food: that pushes people into malnutrition and death. In this country, 65 people a day are dying because they cannot afford to heat their homes properly, according to Christine Liddell of the University of Ulster, yet the government is planning to double the cost of electricity to consumers by 2030.

As Bjorn Lomborg has pointed out, the European Union will pay £165 billion for its current climate policies each and every year for the next 87 years. Britain’s climate policies — subsidising windmills, wood-burners, anaerobic digesters, electric vehicles and all the rest — is due to cost us £1.8 trillion over the course of this century. In exchange for that Brobdingnagian sum, we hope to lower the air temperature by about 0.005˚C — which will be undetectable by normal thermometers. The accepted consensus among economists is that every £100 spent fighting climate change brings £3 of benefit. […]

Read it all, including all rebuttals.

About Tom Harley

Amateur ecologist and horticulturalist and CEO of Kimberley Environmental Horticulture Inc. (Tom Harley)
This entry was posted in Climate, comedy, energy, Environment, Health, science, weather and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

One Response to spending 100 for a return of 3 … killing 200,000 a year

  1. Pingback: spending 100 for a return of 3 … killing 200,000 a year | pindanpost | Cranky Old Crow

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