Global Crises, Global Solutions by Bjorn Lomborg

By Bjorn Lomborg

The leftists hate Bjorn Lomborg simply because he comes up with brilliant lower price version options to the alarmist conception of run away worldwide warming instead of the large executive keep watch over over daily americans the alarmist favor.
He does think that CO2 is inflicting a few warming yet lays out a cogent method of handle the problems.

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Global Crises, Global Solutions

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Sample text

Part II reports on the conclusions of the expert panel as well as their individual estimates and comments. The bottom line is that the Copenhagen Consensus suggests a way in which it might be possible to address head-on the issues of prioritisation. Many people have criticised this project – that prioritisation should be necessary at all. Yet, imagine if doctors at an overstretched hospital refused to perform triage on outpatients, but instead coped with patients as they arrived, focusing more attention on those whose families made the most fuss.

The damage effects stretch far into the future, in part because they begin to occur with a lag of some three decades after the emissions (because of ocean thermal lag), but more importantly because they are recurrent annually over a span of some two centuries or more because of the time of residence of carbon dioxide in the atmosphere. The asymmetry in the timing of costs and benefits of action, when combined with the vanishing-point compression of present values of century-distant effects, means that casual application of typical discount rates can introduce a strong bias against any preventive action.

Say that politicians could build a roundabout for $9 m and save one life. If the roundabout does not get built, it means that the politicians valued that life at less than $9 m – that their VSL was less than $9 m. In general, most public and private decisions implicitly give us an indication of the worth of saving a statistical life, and this general value goes into the CBA. Likewise, CBAs have to allow for the fact that not all costs and benefits occur at the same time. If we pay $10 today and get $16 in ten years, a thoughtless calculation seems to indicate a $6 benefit.

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