Saturday, January 27, 2007

Stern Update

I'm Prof Tol.... fol-de-rol

We blogged the Stern dodgy dossier climate report when it first came out (here and here). But it's now being given another run round the track at the Davos ego-fest (see the International Herald Tribune's lib agenda puff here).

The difference now compared to last October is that the people who actually know about climate change- as opposed to the propagandists- have now waded through the Review's 700 pages. And they've pointed out it's got even more holes than Blackburn, Lancashire.

Even the BBC, which filled its airwaves bigging up the Review in October, has now felt obliged to broadcast a programme rubbishing it. You can listen here, or read a report here.

I especially like the verdict of Prof Richard Tol (both Hamburg and Carnegie Mellon Universities) who is one of the world's leading environmental economists, and so important, the Stern Review itself cites his work 63 times:

"If a student of mine were to hand in this report as a Masters thesis, perhaps if I were in a good mood I would give him a 'D' for diligence; but more likely I would give him an 'F' for fail. There is a whole range of very basic economics mistakes that somebody who claims to be a Professor of Economics simply should not make."

Excellent stuff (you can read a full commentary by Prof Tol here).

PS Over on The Fisk I elaborate on the BBC's U-turn. And the role of abysmal BBC Business Editor Robert Peston, who almost certainly hadn't read the report before opining on it, and who allowed his eco prejudices to run riot. (Peston- surprise, surprise- turns out to be the son of abysmal Labour Peer Maurice Peston).

No comments:

Post a Comment