New Report: Stern Review ‘Not Fit For Purpose’
Costly decarbonisation of the economy is based on a flawed review
By Guest Column Dr. Benny Peiser—— Bio and Archives--September 4, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
Britain embarked on a hugely ambitious policy to decarbonise its economy with virtually no scrutiny of the costs. Now those costs are starting to hit families and firms. When challenged, the government bases its claim that the benefits to the world exceed the costs to British taxpayers on the Stern review on The Economics of Climate Change — on which Australia’s Garnaut review was modelled. Yet the Stern review has now been shown to be fundamentally flawed — leaving all three parties that have defended this policy with a huge dilemma. -Peter Lilley, The Australian, 4 September 2012
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