Writing in the Guardian, Geoff Sparrow is not the first person to call for a socialist “dictatorship of the proletariat” as the only means of markedly reducing emissions of carbon dioxide and other greenhouse gases. In a curious conflation of this with surveys that appear to show an attraction to socialism in the part of young people, he argues modern capitalism means ruination of the planet as well as Marxian impoverishment of the worker and “the steady destruction of social welfare, a preposterously unaffordable housing sector, an increasingly sinister security state and a political culture dominated by race-baiting charlatans”.
Not only has the projected warming not materialised but there are moreover no dire consequences on mankind and the global ecosystem of a warmer climate. In relatively recent history, ten and sixteen centuries ago, the earth was much warmer than today. Propaganda about loss of coral reefs and of species as a result of a warmer climate defy the evidence of their survival, indeed flourishing in such situations.
Even the IPCC in the “small print” of its mega reports sees the costs of warming as being trivial. It identifies only three studies as having gone through sufficient peer review to be credible estimates of the costs and benefits involved, one by Nobel prize winner William Nordhaus who has specialised in estimating the effects of global warming on the world economy. All three IPCC-approved studies show relatively minor costs as a result of projected global warming, even though they accepted without qualification the most extreme detrimental effects said to emanate from this – including crop reductions, hurricanes, desertification of eastern Australia, increases in disease, and lost infrastructure.
Nordhaus estimated the loss of global GDP from an increase in temperatures of 3°C was just 2.5 per cent. Hence, the “greatest moral issue of our time”, which has brought down political regimes and undermined the competitiveness of the Australian economy would, even with all the exaggerated costs assessed by the alarmists, allow the saving of just one year’s growth!
It is doubtless true that emission reductions deemed necessary by the alarmists are impossible without socialist control. And this becomes a totally hopeless prospect given that the US with 15 per cent of emissions has joined China, India and other developing countries (accounting for 60 per cent of emissions) in refusing to take any abatement action.
Sadly for the friends of socialism, measures that would drive Australia along the Venezuelan road would not have any effect on curbing global emissions of greenhouse gases. That and the, at most, trivial cost of any feasible level of human-induced temperature increases means Australia can revert to business-as-usual. We can, in short, resume along the path to prosperity which economy-sapping greenhouse mitigation measures in energy, land clearing and other areas have brought us much lower living standards than would otherwise have prevailed.
The first step as to be to dismantle the subsidies that regulatory policies and government support has given to renewable energy. This is not only twice the cost of energy from coal and gas but is unreliable and forces the closure of lower cost coal power stations bringing escalating electricity prices to the detriment of industry and household consumers alike.
See the whole post at the Spectator