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Opinion: Do we understand the threat of global warming?

London Review of Books: John Lanchester, a contributing editor at the London Review of Books reviews a series a books on global warming and ends his review with the following paragraphs:

The remarkable thing is that most of the things we need to do to prevent climate change are clear in their outline, even though one can argue over details. We need to insulate our houses, on a massive scale; find an effective form of taxing the output of carbon (rather than just giving tradeable credits to the largest polluters, which is what the EU did – a policy that amounted to a 30 billion euro grant to the continent’s biggest polluters); spend a fortune on both building and researching renewable energy and DC power; spend another fortune on nuclear power; double or treble our spending on public transport; do everything possible to curb the growth of air travel; and investigate what we need to do to defend ourselves if the sea rises, or if food imports collapse. If we do that we may find that we develop the technologies that China and India will need. If we can show that it is possible to cut carbon output dramatically without trashing our economy – well, that might be the single most important thing we could do, far outweighing the actual impact of our emission reductions.

We know all this, but whether any of it will actually happen is a different question. It is easy for politicians to stick wind turbines on their houses and ride bicycles, but effective action on climate change is about to require doing things that are not popular. In his eponymous report, Nicholas Stern has argued that it would cost about 1 per cent of global GDP now to prevent a loss of 5 per cent of global GDP in the future. The calculation is tweaked to make the cost now sound manageably small – but it is not yet clear whether Western electorates are willing to pay it. One per cent of global GDP is 600 billion dollars, most of which would be paid by the developed world. The idea is that by paying it now we would be keeping the world’s economy on track so that by 2050 the developed world would be 200 per cent richer and the developing world 400 per cent, while our emissions decline by 60 to 90 per cent and theirs increase by 25 to 50. (One problem is that 17 per cent of that growth in developing world emissions has already been used up.) The promised economic growth is jam tomorrow; we would be paying for it today, in the form of increased taxes and lost jobs. These things are all real to voters in ways that climate change perhaps is not. Are people going to give things up in the present in order to prevent things that computer models tell them are going to happen in 25 years’ time? If they – we – aren’t, then we’re heading for breeding pairs, and camels in the Arctic.

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