Re: [geo] CO2 mitigation: $$/benefit

2013-09-16 Thread Oliver Tickell

Ken, I do like your way of looking at this!

FYI I attach the part of my book Kyoto2 which addresses these questions. 
Oliver.


On 14/09/2013 17:02, Ken Caldeira wrote:
Had the Romans discovered fossil fuels, and invented automobiles and 
power plants and so on, and applied the logic recommended by Nordhaus, 
right now


-- the great ice sheets would be melting, with sea-level probably 
rising a meter per century

-- oceans would be acidified, coral reefs gone
-- the arctic as we know it today would be gone
-- the tropics would be suffering from blistering heat
-- etc

Would we be glad that the ancient Romans listened to their economists, 
and maximized their net present value so they could go on a 
fossil-fueled spending binge for a century or two?




As an aside, when I say we should or should not do something, or that 
something is good or bad, I am presenting my personal opinion as a 
human being and not pretending that it is a scientific result.


When Eduardo Porter repreresents Nordhaus as says, If investments in 
CO_2  abatement are not competitive, we would do better by investing 
elsewhere and using the proceeds to cover warming’s damage., is this 
supposed to be a representation of personal values, or is this a 
finding of the science of economics?  If the latter, then I would 
know to see how this science proceeds from empirical facts to 
prescriptive statements about what we ought to do.  What is the 
experiment that would demonstrate the truth of the quoted sentence?


Science tells us facts about the world. Religion and morality tell us 
about what we ought or ought not to do.  Is economics a science or a 
religion?




I prefer the speed of light to be 6 x 10**8 m/s, instead of a measly 3 
x 10**8 m/s. Is this like Nordhaus saying he prefers a discount rate 
of 4%? Do facts matter here, or do we just dress up our values with a 
little mathematics and pretend it is a science?




___
Ken Caldeira

Carnegie Institution for Science
Dept of Global Ecology
260 Panama Street, Stanford, CA 94305 USA
+1 650 704 7212kcalde...@carnegiescience.edu 
mailto:kcalde...@carnegiescience.edu

http://dge.stanford.edu/labs/caldeiralab@kencaldeira




On Sat, Sep 14, 2013 at 11:40 AM, Greg Rau gh...@sbcglobal.net 
mailto:gh...@sbcglobal.net wrote:




http://www.nytimes.com/2013/09/11/business/counting-the-cost-of-fixing-the-future.html

Interesting article navigating the SCC (social cost of carbon)
issue, critical measure for evaluating the applicability of any
mitigation action/technology.

One revealing quote from Nordhaus:

“Investments in reducing future climate damages to corn and trees
and other areas should compete with investments in better seed,
improved rotation and many other high-yield investments.” If
investments in CO_2  abatement are not competitive, we would do
better by investing elsewhere and using the proceeds to cover
warming’s damage. We would still have money left over. Professor
Nordhaus says he prefers a 4 percent discount rate. Using it in “A
Question of Balance,” he calculates that the optimal carbon tax
comes in at around $11 per ton of CO_2 .

Greg
-- 
You received this message because you are subscribed to the Google

Groups geoengineering group.
To unsubscribe from this group and stop receiving emails from it,
send an email to geoengineering+unsubscr...@googlegroups.com
mailto:geoengineering%2bunsubscr...@googlegroups.com.
To post to this group, send email to
geoengineering@googlegroups.com
mailto:geoengineering@googlegroups.com.
Visit this group at http://groups.google.com/group/geoengineering.
For more options, visit https://groups.google.com/groups/opt_out.


--
You received this message because you are subscribed to the Google 
Groups geoengineering group.
To unsubscribe from this group and stop receiving emails from it, send 
an email to geoengineering+unsubscr...@googlegroups.com.

To post to this group, send email to geoengineering@googlegroups.com.
Visit this group at http://groups.google.com/group/geoengineering.
For more options, visit https://groups.google.com/groups/opt_out.


--
You received this message because you are subscribed to the Google Groups 
geoengineering group.
To unsubscribe from this group and stop receiving emails from it, send an email 
to geoengineering+unsubscr...@googlegroups.com.
To post to this group, send email to geoengineering@googlegroups.com.
Visit this group at http://groups.google.com/group/geoengineering.
For more options, visit https://groups.google.com/groups/opt_out.
Title: Costing the future


 

Costing the future - From Kyoto2 chapter 4 by Oliver Tickell (Zed Books) 
 How are we value the future? The question is an important one in considering the economics of climate change, as we have to balance the optimum balance of inter-generational transfers of wealth and of costs. Should we assess the wealth and 

Re: [geo] CO2 mitigation: $$/benefit

2013-09-16 Thread Ken Caldeira
Oliver,

Looks like we are on similar ground.

I think the main argument is:

*It is fine for you to use discounting when making your own personal
decision about cash flows that affect only you, but it is unethical to use
a discounting argument to take something away from somebody else and
consume it yourself.*

To me, that is the fundamental sophistry involved in inter-generational
discounting.

Inter-generational discounting is a thin veil to justify plundering the
assets of future generations.

Best,

Ken






___
Ken Caldeira

Carnegie Institution for Science
Dept of Global Ecology
260 Panama Street, Stanford, CA 94305 USA
+1 650 704 7212 kcalde...@carnegiescience.edu
http://dge.stanford.edu/labs/caldeiralab  @kencaldeira




On Mon, Sep 16, 2013 at 11:41 AM, Oliver Tickell
oliver.tick...@kyoto2.orgwrote:

  Ken, I do like your way of looking at this!

 FYI I attach the part of my book Kyoto2 which addresses these questions.
 Oliver.


 On 14/09/2013 17:02, Ken Caldeira wrote:

 Had the Romans discovered fossil fuels, and invented automobiles and power
 plants and so on, and applied the logic recommended by Nordhaus, right now

  -- the great ice sheets would be melting, with sea-level probably rising
 a meter per century
 -- oceans would be acidified, coral reefs gone
  -- the arctic as we know it today would be gone
 -- the tropics would be suffering from blistering heat
 -- etc

  Would we be glad that the ancient Romans listened to their economists,
 and maximized their net present value so they could go on a fossil-fueled
 spending binge for a century or two?

  

  As an aside, when I say we should or should not do something, or that
 something is good or bad, I am presenting my personal opinion as a human
 being and not pretending that it is a scientific result.

  When Eduardo Porter repreresents Nordhaus as says, If investments in CO2 
 abatement
 are not competitive, we would do better by investing elsewhere and using
 the proceeds to cover warming’s damage., is this supposed to be a
 representation of personal values, or is this a finding of the science of
 economics?  If the latter, then I would know to see how this science
 proceeds from empirical facts to prescriptive statements about what we
 ought to do.  What is the experiment that would demonstrate the truth of
 the quoted sentence?

  Science tells us facts about the world. Religion and morality tell us
 about what we ought or ought not to do.  Is economics a science or a
 religion?

  

  I prefer the speed of light to be 6 x 10**8 m/s, instead of a measly 3 x
 10**8 m/s. Is this like Nordhaus saying he prefers a discount rate of 4%?
 Do facts matter here, or do we just dress up our values with a little
 mathematics and pretend it is a science?



  ___
 Ken Caldeira

 Carnegie Institution for Science
 Dept of Global Ecology
 260 Panama Street, Stanford, CA 94305 USA
 +1 650 704 7212 kcalde...@carnegiescience.edu
 http://dge.stanford.edu/labs/caldeiralab  @kencaldeira




 On Sat, Sep 14, 2013 at 11:40 AM, Greg Rau gh...@sbcglobal.net wrote:



 http://www.nytimes.com/2013/09/11/business/counting-the-cost-of-fixing-the-future.html

  Interesting article navigating the SCC (social cost of carbon) issue,
 critical measure for evaluating the applicability of any mitigation
 action/technology.

  One revealing quote from Nordhaus:

  “Investments in reducing future climate damages to corn and trees and
 other areas should compete with investments in better seed, improved
 rotation and many other high-yield investments.” If investments in CO2 
 abatement
 are not competitive, we would do better by investing elsewhere and using
 the proceeds to cover warming’s damage. We would still have money left
 over.  Professor Nordhaus says he prefers a 4 percent discount rate.
 Using it in “A Question of Balance,” he calculates that the optimal carbon
 tax comes in at around $11 per ton of CO2.

  Greg
   --
 You received this message because you are subscribed to the Google Groups
 geoengineering group.
 To unsubscribe from this group and stop receiving emails from it, send an
 email to geoengineering+unsubscr...@googlegroups.com.
 To post to this group, send email to geoengineering@googlegroups.com.
 Visit this group at http://groups.google.com/group/geoengineering.
 For more options, visit https://groups.google.com/groups/opt_out.


  --
 You received this message because you are subscribed to the Google Groups
 geoengineering group.
 To unsubscribe from this group and stop receiving emails from it, send an
 email to geoengineering+unsubscr...@googlegroups.com.
 To post to this group, send email to geoengineering@googlegroups.com.
 Visit this group at http://groups.google.com/group/geoengineering.
 For more options, visit https://groups.google.com/groups/opt_out.




-- 
You received this message because you are subscribed to the Google Groups 
geoengineering group.
To unsubscribe from this group and stop 

Re: [geo] CO2 mitigation: $$/benefit

2013-09-16 Thread Ken Caldeira
If we are thinking about how to best benefit the future, then discounting
can be a useful tool.

But, as is often done, we are just using it as an argument to increase
current consumption at the expense of future generations, then it is
sophistry.

Discounting is a tool. Tools in themselves are neither good nor bad, but
tools can be put to good uses or bad uses.


___
Ken Caldeira

Carnegie Institution for Science
Dept of Global Ecology
260 Panama Street, Stanford, CA 94305 USA
+1 650 704 7212 kcalde...@carnegiescience.edu
http://dge.stanford.edu/labs/caldeiralab  @kencaldeira




On Mon, Sep 16, 2013 at 12:56 PM, David Morrow dmorr...@gmail.com wrote:

 Ken,

 I'm inclined to agree with your basic position, but the argument for
 intergenerational discounting in *some kinds* of public policy is not just
 sophistry. If we don't discount future benefits or losses, policies that
 have us saving our money today to benefit people in the future will usually
 do better on a cost-benefit analysis than policies that have us benefiting
 people today. For instance, suppose you could either save 10,000 lives
 today with a $100M public health campaign, or you could invest that money
 until it's doubled to $200M and save 20,000 lives in the future. With no
 discounting, it seems like you ought to postpone the public health
 campaign. (But of course, when it comes time to begin the $200M campaign,
 the same CBA will recommend deferring the campaign until the money has
 doubled yet again, and so on.)

 I think you'll agree that there's a crucial difference between the climate
 case and the public health case that I just described: In the climate case,
 we're taking something from future generations and using it to inflict harm
 on them, instead of simply providing a benefit to ourselves rather than
 some future people.

 In short, there are important arguments against discounting climate
 damages, but throwing the baby out with the bathwater is not going to win
 over many economists.

 David


 On Monday, September 16, 2013 4:55:16 AM UTC-5, Ken Caldeira wrote:

 Oliver,

 Looks like we are on similar ground.

 I think the main argument is:

 *It is fine for you to use discounting when making your own personal
 decision about cash flows that affect only you, but it is unethical to use
 a discounting argument to take something away from somebody else and
 consume it yourself.*

 To me, that is the fundamental sophistry involved in inter-generational
 discounting.

 Inter-generational discounting is a thin veil to justify plundering the
 assets of future generations.

 Best,

 Ken






 ___
 Ken Caldeira

 Carnegie Institution for Science
 Dept of Global Ecology
 260 Panama Street, Stanford, CA 94305 USA
 +1 650 704 7212 kcal...@**carnegiescience.edu
 http://dge.stanford.edu/labs/**caldeiralabhttp://dge.stanford.edu/labs/caldeiralab
 @kencaldeira




 On Mon, Sep 16, 2013 at 11:41 AM, Oliver Tickell 
 oliver@kyoto2.orgwrote:

  Ken, I do like your way of looking at this!

 FYI I attach the part of my book Kyoto2 which addresses these
 questions. Oliver.


 On 14/09/2013 17:02, Ken Caldeira wrote:

 Had the Romans discovered fossil fuels, and invented automobiles and
 power plants and so on, and applied the logic recommended by Nordhaus,
 right now

  -- the great ice sheets would be melting, with sea-level probably
 rising a meter per century
 -- oceans would be acidified, coral reefs gone
  -- the arctic as we know it today would be gone
 -- the tropics would be suffering from blistering heat
 -- etc

  Would we be glad that the ancient Romans listened to their economists,
 and maximized their net present value so they could go on a fossil-fueled
 spending binge for a century or two?

  

  As an aside, when I say we should or should not do something, or that
 something is good or bad, I am presenting my personal opinion as a human
 being and not pretending that it is a scientific result.

  When Eduardo Porter repreresents Nordhaus as says, If investments in
 CO2 abatement are not competitive, we would do better by investing
 elsewhere and using the proceeds to cover warming’s damage., is this
 supposed to be a representation of personal values, or is this a finding of
 the science of economics?  If the latter, then I would know to see how
 this science proceeds from empirical facts to prescriptive statements
 about what we ought to do.  What is the experiment that would demonstrate
 the truth of the quoted sentence?

  Science tells us facts about the world. Religion and morality tell us
 about what we ought or ought not to do.  Is economics a science or a
 religion?

  

  I prefer the speed of light to be 6 x 10**8 m/s, instead of a measly 3
 x 10**8 m/s. Is this like Nordhaus saying he prefers a discount rate of 4%?
 Do facts matter here, or do we just dress up our values with a little
 mathematics and pretend it is a science?



  ___
 Ken Caldeira

 Carnegie 

Re: [geo] CO2 mitigation: $$/benefit

2013-09-16 Thread David Morrow
Ken,

I'm inclined to agree with your basic position, but the argument for 
intergenerational discounting in *some kinds* of public policy is not just 
sophistry. If we don't discount future benefits or losses, policies that 
have us saving our money today to benefit people in the future will usually 
do better on a cost-benefit analysis than policies that have us benefiting 
people today. For instance, suppose you could either save 10,000 lives 
today with a $100M public health campaign, or you could invest that money 
until it's doubled to $200M and save 20,000 lives in the future. With no 
discounting, it seems like you ought to postpone the public health 
campaign. (But of course, when it comes time to begin the $200M campaign, 
the same CBA will recommend deferring the campaign until the money has 
doubled yet again, and so on.)

I think you'll agree that there's a crucial difference between the climate 
case and the public health case that I just described: In the climate case, 
we're taking something from future generations and using it to inflict harm 
on them, instead of simply providing a benefit to ourselves rather than 
some future people.

In short, there are important arguments against discounting climate 
damages, but throwing the baby out with the bathwater is not going to win 
over many economists.

David

On Monday, September 16, 2013 4:55:16 AM UTC-5, Ken Caldeira wrote:

 Oliver,

 Looks like we are on similar ground.

 I think the main argument is:

 *It is fine for you to use discounting when making your own personal 
 decision about cash flows that affect only you, but it is unethical to use 
 a discounting argument to take something away from somebody else and 
 consume it yourself.*

 To me, that is the fundamental sophistry involved in inter-generational 
 discounting.

 Inter-generational discounting is a thin veil to justify plundering the 
 assets of future generations.

 Best,

 Ken






 ___
 Ken Caldeira

 Carnegie Institution for Science 
 Dept of Global Ecology
 260 Panama Street, Stanford, CA 94305 USA
 +1 650 704 7212 kcal...@carnegiescience.edu javascript:
 http://dge.stanford.edu/labs/caldeiralab  @kencaldeira




 On Mon, Sep 16, 2013 at 11:41 AM, Oliver Tickell 
 oliver@kyoto2.orgjavascript:
  wrote:

  Ken, I do like your way of looking at this!

 FYI I attach the part of my book Kyoto2 which addresses these questions. 
 Oliver.


 On 14/09/2013 17:02, Ken Caldeira wrote:
  
 Had the Romans discovered fossil fuels, and invented automobiles and 
 power plants and so on, and applied the logic recommended by Nordhaus, 
 right now 

  -- the great ice sheets would be melting, with sea-level probably 
 rising a meter per century
 -- oceans would be acidified, coral reefs gone
  -- the arctic as we know it today would be gone
 -- the tropics would be suffering from blistering heat
 -- etc

  Would we be glad that the ancient Romans listened to their economists, 
 and maximized their net present value so they could go on a fossil-fueled 
 spending binge for a century or two?

  
  
  As an aside, when I say we should or should not do something, or that 
 something is good or bad, I am presenting my personal opinion as a human 
 being and not pretending that it is a scientific result.

  When Eduardo Porter repreresents Nordhaus as says, If investments in CO
 2 abatement are not competitive, we would do better by investing 
 elsewhere and using the proceeds to cover warming’s damage., is this 
 supposed to be a representation of personal values, or is this a finding of 
 the science of economics?  If the latter, then I would know to see how 
 this science proceeds from empirical facts to prescriptive statements 
 about what we ought to do.  What is the experiment that would demonstrate 
 the truth of the quoted sentence?

  Science tells us facts about the world. Religion and morality tell us 
 about what we ought or ought not to do.  Is economics a science or a 
 religion?

  

  I prefer the speed of light to be 6 x 10**8 m/s, instead of a measly 3 
 x 10**8 m/s. Is this like Nordhaus saying he prefers a discount rate of 4%? 
 Do facts matter here, or do we just dress up our values with a little 
 mathematics and pretend it is a science? 

  
  
  ___
 Ken Caldeira

 Carnegie Institution for Science  
 Dept of Global Ecology
 260 Panama Street, Stanford, CA 94305 USA
 +1 650 704 7212 kcal...@carnegiescience.edu javascript:
 http://dge.stanford.edu/labs/caldeiralab  @kencaldeira

  
   

 On Sat, Sep 14, 2013 at 11:40 AM, Greg Rau gh...@sbcglobal.netjavascript:
  wrote:

  

 http://www.nytimes.com/2013/09/11/business/counting-the-cost-of-fixing-the-future.html

  Interesting article navigating the SCC (social cost of carbon) issue, 
 critical measure for evaluating the applicability of any mitigation 
 action/technology.

  One revealing quote from Nordhaus:

  “Investments in reducing future climate damages to corn and trees and 
 

[geo] Re: please see Cool Planet's new Biochar video

2013-09-16 Thread Joshua Jacobs
Mostly self-congratulatory.  However, if they can really pull off 
$50/barrel and $1.50 per gallon (retail) of automotive ready 
petrol-equivalent, it would be a serious boon to whatever local economy 
they build a plant.

Furthermore, if they can extend their innovative(*) catalytic process to 
a broad variety of agricultural, forestry, and domestic (biomass) waste 
streams, it could significantly cut down on the transportation costs of 
both the petrol and the biochar products.

I am looking forward to seeing how they do.

(*) this seems to be one of the few true innovations, though important 
and under much investigation (NREL), that they have presented...besides the 
business model

-- 
You received this message because you are subscribed to the Google Groups 
geoengineering group.
To unsubscribe from this group and stop receiving emails from it, send an email 
to geoengineering+unsubscr...@googlegroups.com.
To post to this group, send email to geoengineering@googlegroups.com.
Visit this group at http://groups.google.com/group/geoengineering.
For more options, visit https://groups.google.com/groups/opt_out.


Re: [geo] 20 problems with geoengineering, 1 problem with that thing…Nature | the anthropo.scene

2013-09-16 Thread Greg Rau
The  20 reasons ( Alan's) can be more directly found here:
http://anthroposcene.files.wordpress.com/2013/09/20-reasons-geoengineering-robock-2013.pdf


There are 20 reasons why radiation and chemotherapy are bad ideas, too, but 
because of extensive research we know sometimes the benefit of those treatments 
outweighs the risks. When the patient is the planet and all of it's 
inhabitants, and current treatments are not working (or some inhabitants are 
blocking treatment), alternative remedies need to be considered, and it would 
seem a good idea not to prematurely toss out potential alternative management 
ideas until research shows that their risks indeed outweigh the benefits.  In 
the end there may be no acceptable alternatives, but given the rather grave 
circumstances, it would seem a good idea to prove that, before relying on the 
truly risky option -  adaptation, or something worse.
Greg
From: Andrew Lockley andrew.lock...@gmail.com
To: geoengineering geoengineering@googlegroups.com 
Sent: Monday, September 16, 2013 8:30 AM
Subject: [geo] 20 problems with geoengineering, 1 problem with that 
thing…Nature | the anthropo.scene
 


http://jeremyjschmidt.com/2013/09/16/20-problems-with-geoengineering-1-problem-with-that-thing-nature/
20 problems with geoengineering, 1 problem with that thing…Nature
I have a few posts on geoengineering lately (Hamilton’s new book, 
Earthmasters, an upcoming workshop, and on competing views). I thought I would 
add this recent essay to the mix on 20 reasons geoengineering may be a bad 
idea [PDF]. An interesting aspect of the essay is an inserted text box on the 
ethics of geoengineering.This normative dimension was of interest to me 
because I’m finalizing my latest book chapter this week on the topic of 
ethics, governance and geoengineering in the Anthropocene. It will be out next 
year and I’ll have more details then.Approaching geoengineering from within 
the Anthropocene requires considering the broader view of the world that 
legitimated (I would argued that required is more accurate) a wealthy minority 
of humans taking such a disproportionate and large share of the earth’s life 
support systems. It also requires confronting the idea of Nature held in that 
troublesome view. On this, Ursula Heise has a
 new essay on that thing formerly known as Nature. You can read it here.Here 
are the first two paragraphs:
Encounters with the Thing Formerly Known as Nature
Ursula Heise
September 9, 2013 — We used to call it nature: forests, lakes, foxes, 
butterflies, mosquitoes, dandelions. Soils and oceans. Seasonal cycles. Also 
floods and heat waves and the occasional hurricane. But no more: as Bill 
McKibben, the environmental writer and activist founder of 350.org, put it 
back in 1989, climate change implies the end of nature. Nature, McKibben 
argued, meant a realm separate from human agency, at least for the modern 
American society of the last two centuries. Anthropogenic climate change, by 
transforming even places where no human has yet set foot, even atmospheric 
processes and ocean depths, leaves no particle of the planet untouched and 
therefore puts it all under the sway of human action. Nature as we used to 
know it, as the other of human society, is no more.The idea that true nature 
is only what has not been touched by humans has since come under serious 
attack as a distinctively American environmentalist bias. It has
 little traction in developing countries, where environmentalism often means 
local communities defending their own uses of nature, or in Europe, where 
untouched nature has been a scarce commodity for centuries. But the idea that 
humankind now faces a new and fundamentally changed natural world took shape in 
2000, when the atmospheric scientist Paul Crutzen and the ecologist Eugene 
Stoermer proposed the notion of the “Anthropocene,” a new geological era 
distinct from the Holocene. Humans’ impact on the planet is now so pervasive 
that it will be visible even in the Earth’s geological strata, Crutzen and 
Stoermer suggested, and this justifies thinking of our time as a new and 
different planetary age.” READ MORE HERE
-- 
You received this message because you are subscribed to the Google Groups 
geoengineering group.
To unsubscribe from this group and stop receiving emails from it, send an 
email to geoengineering+unsubscr...@googlegroups.com.
To post to this group, send email to geoengineering@googlegroups.com.
Visit this group at http://groups.google.com/group/geoengineering.
For more options, visit https://groups.google.com/groups/opt_out.




-- 
You received this message because you are subscribed to the Google Groups 
geoengineering group.
To unsubscribe from this group and stop receiving emails from it, send an email 
to geoengineering+unsubscr...@googlegroups.com.
To post to this group, send email to geoengineering@googlegroups.com.
Visit this group at http://groups.google.com/group/geoengineering.
For more options, visit 

Re: [geo] CO2 mitigation: $$/benefit

2013-09-16 Thread David Lewis
...the discussion of discounting has been truly awful, and it should not 
have been. 

is what Lord Stern said, to summarize his discussion of discount rates, the 
work of Bill Nordhaus, and the work of most economist impact modellers 
(including his own work heading the Stern Review), in a major speech 
delivered at the IMF last April. 

The IMF has the video of the speech 
*herehttp://www.imf.org/external/mmedia/view.aspx?vid=2274660864001
* 
EETV has the transcript up *herehttp://www.eenews.net/videos/1659/transcript
*

A few exerpts from the EETV transcript follow:  

Stern, on Nordhaus:

Bill Nordhaus, who has been in this game a long time, a scholar a 
gentleman and *a friend*, has built the generic model DICE.  Now in the 
DICE model you lose 50% of output at 19 degrees Centigrade. At 19 degrees, 
well, you're probably dead at 7, 8, 6. Fifty percent of output at 19 
degrees, it can't be sensible in relation to the kinds of events that we're 
talking about, yet these are the kinds of modelings that people use, 
including the United States, to measure the social cost of carbon and so on.

It's worse than that, actually, because what you have is not simply a 
multiplicative loss function, which occurs period by period, with no 
account of history. What you also have is a exogenous growth rate. So you 
have a production function of capital, labor, whatever, multiplied by a 
damage function, which is very small, as I've just described, and 
multiplied by an exogenous growth factor.

Well, put in one or two percent in your exogenous growth factor and over a 
century you've got an overall multiplicative factor of two or three, up to 
eight or nine, depending on what growth rate that you put in. If you knock 
off even 50 percent of output, you're still forecasting in a very 
destructive world output and incomes higher than now. It just doesn't 
resonate with the kind of problems that we're talking about.

Stern, on the assessment of risk published by the Stern Review which he 
headed:  

we badly underestimated or badly under-portrayed the kind of risks which 
we faced

Stern, on how economic modellers get it so badly wrong:  

what you find often is people focusing those models on bits they can 
understand. So they'll tell you that at four degrees, the agricultural 
output in Northern India may go down by 20 percent. Well, that's relevant, 
but it doesn't take into account the rerouting of the flows of the rivers 
of the Himalayas. It doesn't take into account the disruption of the 
monsoon. It leaves out, in other words, most of the things that are 
important. And of course, those of you who know India well will know that 
agricultural output is only about 15 percent of GDP, so if you take away 20 
percent of 15 percent, you knock GDP down by 3 percent, and that's in the 
agricultural part of the economy, and you don't model the impact so well on 
the service sector, so you end up with actually rather trivial statements 
of a radical, of small losses, but a radical transformation of what's going 
on.

He elaborated on this point a bit later in the speech:  

If we had to describe the really destructive events of the last century, 
the First World War, the Second World War, the Holocaust, the loss of life 
of tens of millions under Stalin's Russia and the different structures of 
collectivization, the great famine in China, where 30, 35 million people 
died around 1960, we wouldn't do it in terms of one aggregate GDP. That 
wouldn't convey to people the kind of things that we're worried about.

Stern, on why he feels qualified to discuss discount rates: 

I was the editor of the Journal of Public Economics for about 17 years, 
from the end of the seventies through the eighties to the early years of 
the nineties 

Stern, on how he feels about the work of many of his colleagues:

and sometimes I despair at the ignorance of modern public economics

Stern, on discount rates, or how economists magically transform dire 
warnings issued by climate scientists into statements that whatever 
happens, it hardly matters:  

Essentially, we discount for two reasons, if we're thinking about the 
ethics of discounting. One is because future generations may be better off 
or worse off than us. If they're worse off than us, then we would be 
thinking of attaching a strong discount to extra benefits that might occur 
to people who are much better off than ourselves, and we understand the 
redistributive reasons for that.

But of course, as I've argued, they could well be poorer than us, and we 
have to take that endogeneity of income in a story which is all about big 
changes in standards of living. In those circumstances, of course, they're 
going to be much poorer than us, you'd want negative discounting rather 
than positive discount rate.

There's also the question of pure time discounting, and that's how you 
value lives. How much more or less do you value a life, an identical life, 
in the future relative to 

[geo] 20 problems with geoengineering, 1 problem with that thing…Nature | the anthropo.scene

2013-09-16 Thread Andrew Lockley
http://jeremyjschmidt.com/2013/09/16/20-problems-with-geoengineering-1-problem-with-that-thing-nature/

20 problems with geoengineering, 1 problem with that thing…Nature

I have a few posts on geoengineering lately (Hamilton’s new
book, Earthmasters, an upcoming workshop, and on competing views). I
thought I would add this recent essay to the mix on 20
reasons geoengineering may be a bad idea [PDF]. An interesting aspect of
the essay is an inserted text box on the ethics of geoengineering.This
normative dimension was of interest to me because I’m finalizing my latest
book chapter this week on the topic of ethics, governance and
geoengineering in the Anthropocene. It will be out next year and I’ll have
more details then.Approaching geoengineering from within the Anthropocene
requires considering the broader view of the world that legitimated (I
would argued that required is more accurate) a wealthy minority of humans
taking such a disproportionate and large share of the earth’s life support
systems. It also requires confronting the idea of Nature held in that
troublesome view. On this, Ursula Heise has a new essay on that thing
formerly known as Nature. You can read it here.Here are the first two
paragraphs:

Encounters with the Thing Formerly Known as Nature

Ursula Heise

September 9, 2013 — We used to call it nature: forests, lakes, foxes,
butterflies, mosquitoes, dandelions. Soils and oceans. Seasonal cycles.
Also floods and heat waves and the occasional hurricane. But no more: as
Bill McKibben, the environmental writer and activist founder of 350.org,
put it back in 1989, climate change implies the end of nature. Nature,
McKibben argued, meant a realm separate from human agency, at least for the
modern American society of the last two centuries. Anthropogenic climate
change, by transforming even places where no human has yet set foot, even
atmospheric processes and ocean depths, leaves no particle of the planet
untouched and therefore puts it all under the sway of human action. Nature
as we used to know it, as the other of human society, is no more.The idea
that true nature is only what has not been touched by humans has since come
under serious attack as a distinctively American environmentalist bias. It
has little traction in developing countries, where environmentalism often
means local communities defending their own uses of nature, or in Europe,
where untouched nature has been a scarce commodity for centuries. But the
idea that humankind now faces a new and fundamentally changed natural world
took shape in 2000, when the atmospheric scientist Paul Crutzen and the
ecologist Eugene Stoermer proposed the notion of the “Anthropocene,” a new
geological era distinct from the Holocene. Humans’ impact on the planet is
now so pervasive that it will be visible even in the Earth’s geological
strata, Crutzen and Stoermer suggested, and this justifies thinking of our
time as a new and different planetary age.” READ MORE HERE

-- 
You received this message because you are subscribed to the Google Groups 
geoengineering group.
To unsubscribe from this group and stop receiving emails from it, send an email 
to geoengineering+unsubscr...@googlegroups.com.
To post to this group, send email to geoengineering@googlegroups.com.
Visit this group at http://groups.google.com/group/geoengineering.
For more options, visit https://groups.google.com/groups/opt_out.