Categories
Australia Carbon Pricing Economics of mitigation

December 30, 1997 –  “How seriously should we take the greenhouse effect?” asks deeply unserious economics hack

Twenty six years ago, on this day, December 30th, 1997

How seriously should we take the greenhouse effect – how fast is the world’s temperature rising, and how important is it that we should take precautionary measures, and of what kind? How much should we spend now, given the uncertainties of the whole issue? And how, or on whom, should we spend? 

1997 MCGuinness on ‘environmentalist propaganda’ McGuinness, P. 1997. Running risks of global warming. Sydney Morning Herald, 30 December, p.6

The amount of carbon dioxide in the air was roughly 364ppm. As of 2024 it is 425ppm, but check here for daily measures. 

The context was that people have been talking about Australia’s “national interest” and climate change and limits to carbon for a long time because the negotiations around the Kyoto Protocol had been going on all year. And here’s Paddy McGuinness, a libertarian economist who had given aid and comfort to the Centre for Independent Studies recycling his bullshit, and refusing to actually think that gosh, he and his beloved ideology might be wrong. 

What we learn is stupid people gonna stupid, especially if their stupidity gets them a seat at the top table, and helps make rich people stay rich/get richer. They need useful idiots in the war of ideas. 

What happened next? Well, McGuinness died, which is why I can speak freely about him. 

What do you think? Does this pass the ‘so what?’ threshold? Have I got facts wrong? Interpretation wrong? Please do comment on this post, unless you are a denialist, obvs.

Also on this day: 

December 30, 1957 – a letter from Gilbert Plass to Guy Callendar

December 30, 1976 – President Jimmy Carter is lobbied about #climate change

December 30, 2006 – “Industry snubs climate strategy”

December 30, 2007 – Bert Bolin dies.

Leave a Reply