How to fix climate alarm

Economists have proposed really effective solutions to the high levels of anxiety felt by politicians and government officials about the risks of transport sector emissions.

The New Zealand Government’s plan to legislate for “Zero Carbon by 2050” has been accompanied by economic modelling that shows the NPV of the economic costs will be huge. See Putting a price on the hair shirt.

Tailrisk Economics, a private firm, has now delivered a devastating critique of both the quality and veracity of the Government’s modelling and consultation documents. The price of feeling good is a must-read for anybody interested in this issue. Continue Reading →