Saturday, August 12, 2017

The idiocy behind the Paris Climate Accord

Global Village Idiots | Liberty Unbound - Steve Murphy:

August 8, 2017 - "Blunderdale, a fictitious village located on a river bank, decided to build a levee to save its people (and their homes and businesses) from the devastation of flooding.... [S]cientists informed the flood task force ... that a 4’ levee would be required for protection against most floods, but that an 8’ levee would be required to ensure village safety against all floods. Armed with this sobering advice, the village leaders ... decided that a 2’ levee would be their goal [and] hammered out a plan to construct one from costly and unreliable materials instead of much cheaper and much more available proven materials.... When completed, the exorbitantly expensive structure would be 0.17’ high. Having bamboozled the credulous villagers, they celebrated their victory.

"Most of us would call such leaders despicable morons; in Blunderdale, the village leaders are the village idiots. After all, they are almost as underhanded and scandalously stupid as the world leaders (from 195 of the world’s 196 countries) who concocted the Paris Climate Accord....

"Climate experts (particularly those who support the United Nations International Panel on Climate Change [IPCC]) ... informed them that, on its present course, the earth’s temperature is expected to rise to something in the range of 4.0°C by the end of this century. Some authors insist that an increase of 8.0°C is possible. Even a 2.0°C rise, which many believe is already baked into the climate cake, will soon inundate low-lying population centers (cities such as Miami and nations such as Bangladesh) and create tens of millions of climate refugees....

"But let’s say that mankind implemented ... the Paris Accord. And let’s say that it was scrupulously executed — that is, the emissions reductions pledges of all 195 nations were fully met, annually, through the end of the century. What would be the cost? According to Bjorn Lomborg, it would be somewhere in the neighborhood of $100 trillion. This staggering amount includes lost GDP growth, increased taxes (e.g., $3 trillion to pay for subsidies over the next 25 years), and higher household electricity expenses. A Heritage Foundation study of the effects of the Paris agreement on only the US economy, and only through 2035, found that there would be an overall annual average shortfall of nearly 400,000 jobs (200,000 manufacturing jobs), a total income loss of more than $20,000 for a family of four, an aggregate GDP loss of over $2.5 trillion, and increases in household electricity expenditures of between 13% and 20%.

"What is the expected effectiveness of the plan?... An analysis by Lomborg found that fastidious adherence to the agreement, maintained throughout the century, would reduce the global temperature rise by 0.17°C. An MIT analysis found a similar result, 0.2°C. Thus, if the end-of-century temperature rise is the mass extinction-causing 4°C that the signatories believe will occur without the Paris accord , then, with the Paris accord, the end-of-century temperature rise will shrink to only, well, a mass extinction-causing 4°C.

 "With full knowledge that their plan would have absolutely no influence on diminishing catastrophic global warming, the leaders from 195 countries signed the Paris accord. Having surreptitiously united the world behind a $100 trillion scheme that would be of no help to Mother Earth, if she even notices, they celebrated their achievement."

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