Thursday, 12 September 2013

HAS STERN FINALLY BEEN DEBUNKED?

This article looks at the way Stern's economics is not being accepted in the USA. It appears that his analysis of the cost of the "damage" caused by climate change vastly overestimates what most businesses believe is realistic. Stern has been savaged many times before, but in these times when financial constraints are much tighter and the degree of warming is much lower he seems to be more out of touch than ever.

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