"Canada's Prime Minister Stephen Harper has just completed his seventh annual foray to the Arctic. The PM's annual northern tours have traditionally focused on a combination of announcements affecting economic development, environmental protection, and defense readiness. The ever-shrinking ice cap is bringing new challenges to Canadian policy makers, particularly with regard to the...
The Stern Review: A Dual Critique
This is a critique of the Stern Review, as the abstract states:
"Two interrelated features of the Stern Review are that it greatly understates the extent of uncertainty as to possible developments, in highly complex systems that are not well understood, over a period of two centuries or more; and its treatment of sources and evidence is persistently selective and biased. These twin features have combined to make the Review a vehicle for speculative alarmism. In the judgment of the authors of the Dual Critique, the Stern Review mishandles data; gives too little attention to actual observation and evidence, as distinct from the results of model-based exercises; and takes no account of the failures of due disclosure, and the chronic limitations of peer reviewing, that have been characteristic of work relating to climate change which governments have commissioned and drawn on. As to specifically economic aspects, the authors note among other weaknesses that the Review systematically overstates projected costs of climate change, partly though by no means wholly as a result of its failure to acknowledge the scope for long-term adaptation to possible global warming; underestimates the likely cost-including to the world's poor-of the drastic global mitigation program that it calls for; and proposes worldwide adoption of a specially low rate of interest for discounting the costs and benefits of mitigation, on the basis of inadequate analysis and without regard for the problems and risks that would result."
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