06 November, 2006

Stern: a "dodgy dossier"

Following Lord Mockton's detailed criticisms of the questionable science in the Stern report on global warming and climate change, The Business rips into Stern's equally dodgy economic assumptions. Stern's

...portentious study, The Economics of Climate Change, prepared for the British government, was treated as if it had been carried down from Mount Sinai rather than put together by an ordinary British mandarin. The fawning media classes, which now regard environmentalism as the new religion, immediately took it as gospel (to do otherwise is the new heresy).

The Tories and the Liberal Democrats, which have both suspended their critical faculties on the matter, rushed to clamber aboard the bandwagon. Even airlines and oil companies, these new paens of political correctness, welcomed its arrival...
As a compendium of alarmist studies on global warming, the Stern report has no rival. Few outlandish claims have not been included in his 570-page tome, making it a useful guide to current eco-nuttery.
Stern's major methodological failing, identified by The Business, is that, although he bases his models on data from reputable research, he chooses to ignore crucial caveats and qualifications in favour of worst cases.

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