What the Economic Models of Nobel Laureate William Nordhaus Say on Climate Change

by Robert P. Murphy, October 22, 2018 in The IndependantInstitute/FEE


 

Conclusion

First, Nordhaus shows that aggressive mitigation policies can be a cure worse than the disease, and he specifically includes the United Nation’s latest goal in his examples of such misguided goals. Second, Nordhaus’s estimate of the optimal carbon tax (for the year 2025, for example) has almost tripled in less than a decade. Third, far from being tied to specific analyses of particular threats, Nordhaus’s global damage estimate was largely driven by a simple survey of experts, and this figure was furthermore manipulated arbitrarily by Nordhaus in light of new developments. The public would be very surprised to learn just how crude the “settled science” underlying various proposals to limit climate change really is.

Observations: Polar Bears Continue To Thrive, Grow In Number, Shredding Forecasts Of Climate Doom

by K. Richard, October 25, 2018 in NoTricksZone


Ten years ago, polar bears were classified as an endangered species due to model-based assumptions that said the recession of Arctic sea ice would hamper the bears’ seal-hunting capabilities and ultimately lead to starvation and extinction.

The Inuit, who have observed these bears catch seals in open water for generations, disagree.  At least this is what scientists have found upon investigation.

There is no evidence that the fast reduction of sea-ice habitat in the area has yet led to a reduction in population size.” (Aars et al., 2017 )
Inuit observations: “… back in early 80s, and mid 90s, there were hardly any bears … there’s too many polar bears now.  Bears can catch seals even—even if the—if the ice is really thin … they’re great hunters those bears … they’re really smart … they know how to survive.” (Wong et al., 2017)

See also here