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The Economic Science Fiction Of Climate Change: A Free‐Market Perspective On The Stern Review And The Ipcc

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  • Graham Dawson

Abstract

The Stern Review and the IPCC believe that anthropogenic climate change is a serious global threat and demands an urgent response. Examining the IPCC's projections of future climate change and Stern's estimates of its costs from a free‐market perspective shows that they are based on flawed methodological assumptions and reflect an excessively optimistic approach to knowledge of the future. The foundations of reliable knowledge for a sound policy framework have not been put in place.

Suggested Citation

  • Graham Dawson, 2008. "The Economic Science Fiction Of Climate Change: A Free‐Market Perspective On The Stern Review And The Ipcc," Economic Affairs, Wiley Blackwell, vol. 28(4), pages 42-47, December.
    • Handle: RePEc:bla:ecaffa:v:28:y:2008:i:4:p:42-47
    DOI: 10.1111/j.1468-0270.2008.00842.x
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    References listed on IDEAS

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    1. Wilfred Beckerman & Cameron Hepburn, 2007. "Ethics of the Discount Rate in the Stern Review on the Economics of Climate Change," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 8(1), pages 187-210, January.
    2. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39, October.
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    Cited by:

    1. Graham Dawson, 2009. "Privatising Climate Policy," Economic Affairs, Wiley Blackwell, vol. 29(3), pages 57-62, September.
    2. Richard Tol, 2011. "Regulating knowledge monopolies: the case of the IPCC," Climatic Change, Springer, vol. 108(4), pages 827-839, October.
    3. Niemietz, Kristian, 2013. "Depoliticising airport expansion: Market-oriented responses to the global and local externalities of aviation," IEA Discussion Papers 51, Institute of Economic Affairs (IEA).

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