Vaughan Pratt,
I don’t understand how that constitutes an argument against my “if instead the $30T were used to incentivize use of lower-carbon energy sources you would have to argue that CO2 was harmless in order to demonstrate no beneficial change whatsoever.”
That argument seems nonsensical to me. The second part does not follow logically from the first. There is s much wrong with this, I don’t know where to start, and frankly, can’t be bothered wasting the time on your proposition. First, there is a great big “IF” which is not what happens in reality and even if it was wouldn’t mean that the expenditure would cut CO2 emissions (as is demonstrated by the failure of our enormous expenditures on wind and solar making virtually no difference to emissions). The argument about whether or not to spend $30T on a policy should be made on cost-benefit grounds. The decisions whether or not to incentivise low carbon energy should be made on cost-benefit grounds. To argue, as you do, that rejecting economically irrational decisions is equivalent to arguing
that CO2 was harmless in order to demonstrate no beneficial change whatsoever.
makes no sense to me whatsoever.
After wading through C,H&L to get to Nordhaus, and then that opening paragraph, I felt I had completely lost track of the reasoning in whatever argument you were trying to make.
…
Instead of throwing out numbers left and right, just assume there are two, three, or four key numbers, call them A, B, C or whatever without worrying whether they’re in the billions, trillions, or quadrillions, and say something reasonable about them, meaning something where your reasoning is clear, ideally some general principle governing them.
As it stands any logic in your reasoning is drowned in a barrage of large numbers.
OK. I take your point that you lost track of the reason I linked to the Nordhaus versus Cohan, Harper and Lindzen debate. The reason for the link was to substantiate the $3.5 trillion net benefit of optimal carbon price policy to 2050 (claimed by Nordhaus, based on the academic but impracticable assumptions used the modelling).
Is the difference between acting now and waiting fifty years indeed “insignificant economically”? Given the importance attached to this question, I recalculated this figure using the latest published model. When put in 2012 prices, the loss is calculated as $3.5 trillion, and the spreadsheet is available on the Web for those who would like to check the calculations themselves. If, indeed, the climate skeptics think this is an insignificant number, they should not object to spending much smaller sums for slowing climate change starting now.”
I’ll try to address your complaint /comment / question in a different way. I am not going to repeat it all here, so I’d ask you to instead look at one article and three comments. These explain why carbon pricing will not and cannot work in the real world.
What the Carbon Tax and ETS will Really Cost
http://jennifermarohasy.com/2012/06/what-the-carbon-tax-and-ets-will-really-cost-peter-lang/
stevepostrel’s comment @ August 20, 2012 at 8:46 pm
http://judithcurry.com/2012/08/19/week-in-review-81812/#comment-231248
The ultimate compliance cost for the ETS</i?
http://www.onlineopinion.com.au/view.asp?article=13578&page=0
Response to the above Nordhaus quote:
http://www.skepticalscience.com/news.php?n=1325#80611
We can also take a different approach to seeing that carbon pricing is not going to be able to be implemented in the real world. The elites in the western democracies have been trying to impose economically irrational polices like Kyoto Protocol, EU carbon trading system, cap and trade, mandated renewable energy and world government on the world for at least 20 years. They have utterly failed. The record of the past 20 years suggests it is not going to happen. Copenhagen conference demonstrated that and Cancun, Durban and Rio+20 should have removed any lingering doubts in all but the most dedicated elites, greens, zealots, and CAGW alarmists.
Carbon pricing cannot work for the many reasons listed in the linked articles.