How Government Bureaucrats & The NYTimes Are Misleading The Public About Climate Change [zero hedge]
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Source: zero hedge
Authored by Robert Murphy via The Institute for Energy Research,The Executive Branch’s recently released Volume II of the National Climate Assessment (NCA) is a massive document that is being cited as yet further evidence that the U.S. government should act quickly and boldly in the fight against climate change. The coverage in the New York Times was typical:“All told, the report says, climate change could slash up to a tenth of gross domestic product by 2100, more than double the losses of the Great Recession a decade ago.”Yet this claim is extremely misleading, as I’ll demonstrate in this post. The projection of a 10-percent hit to GDP is an extremely unlikely (less than a 5-percent chance) event even if we assume we are in the most pessimistic of emission scenarios, while the scenario itself rests upon an assumption that progress on renewables and other technologies occurs much more slowly over the next century than it has already occurred historically. This means that anybody citi
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