Over time, the U.S. is going to be less and less influential on future climate outcomes, because its own emissions will be a smaller portion of the global total.
Institute for Energy Research , Bio and Archives--December 14, 2015
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Future historians — if there are any future historians — will almost surely say that the most important thing happening in the world during December 2015 was the climate talks in Paris. True, nothing agreed to in Paris will be enough, by itself, to solve the problem of global warming. But the talks could mark a turning point, the beginning of the kind of international action needed to avert catastrophe. Then again, they might not; we may be doomed. And if we are, you know who will be responsible: the Republican Party. [Bold added.]Notice the absurdity, and we’re still in Krugman’s first two paragraphs. The existence of humanity itself is allegedly on the line—Krugman wonders if there will even be future historians—and yet this Paris meeting won’t solve the problem. Isn’t it weird that a handful of “deniers” in the United States apparently have the power to tell the whole world what to do with their economies? If this is such an open and shut scientific case, why won’t the Paris talks achieve anything beyond symbolism? Would Krugman be bestowing such honors and prestige on, say, the Captain and crew of the Titanic having a meeting where they agreed to start thinking about icebergs?
The far right cells (in blue) show how much the cost of mitigation measures increase, if humanity delays action until the year 2030. Specifically, they show the percentage increases in the total (undiscounted) mitigation costs necessary to achieve the far-left (brown cells) atmospheric concentrations of greenhouse gases in the year 2100, for the years 2030-2050 and also for 2050-2100, for two different scenarios of total emissions (either below 55 gigatons of CO2-equivalent, or above).
In other words, these blue cells show us how much a delay of government action through the year 2030 will increase the cost necessary to achieve the specified (and very aggressive) atmospheric concentrations for the year 2100, shown on the far left of the table in the brown cells. Specifically, the blue cells show that by “doing nothing” about climate change until the year 2030, even in a high-emission baseline scenario, the IPCC’s best guess of the cost of achieving the aggressive outcome rises by 44% in the years 2030-2050 and 37% in the years 2050-2100.
Don’t get me wrong, if you believe the computer simulations that the UN IPCC report is based on, then you would conclude that it would be wiser to start implementing mitigation measures—which restrict carbon dioxide emissions—sooner rather than later. The blue cells in the above table are saying that dealing with the problem will become more expensive, the longer humanity waits.
But notice that the blue cells are at most saying the fix will be 44 percent more expensive, not infinitely more expensive. And elsewhere, we have Paul Krugman himself telling us that the baseline cost to the economy of “saving the planet” is so cheap, it might even be free! I’m not putting words in his mouth. Back in September 2014, Krugman opened a column in the New York Times by writing: “This just in: Saving the planet would be cheap; it might even be free. But will anyone believe the good news?”
So to summarize, we’ve got Krugman in 2014 telling us that saving the planet will be cheap and possibly free, and we’ve got the latest UN report on the scientific consensus telling us that delaying all action until 2030 will raise the price of mitigation measures by 44 percent. Krugman is a Nobel laureate in economics, so I’m guessing he knows that “free” times 1.44 is still free. And “cheap” times 1.44 is certainly not equal to “end of humanity.”
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