floof.org

Juggling With Eggs mastodon (AP)

‘When politicians talk about how much it will cost to act on climate change, for example, they almost always refer to economic models commissioned by the fossil fuel industry, which leave out the cost of inaction, which rises with every passing year.

When politicians say that climate policies will increase the cost of gas or energy, they count on reporters having no idea how gas or energy pricing works’

#Climate

https://www.theguardian.com/us-news/2024/apr/14/climate-disinformation-explainer

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not in their personal financial interests to do so.

They believe the money will somehow save them from the consequences.

Juggling With Eggs mastodon (AP)
‘In 2021, a peer-reviewed paper entitled “Weaponizing Economics” tracked the activity of a group of economic consultants who were hired by the petroleum industry for decades. “They produced analyses that were then used by both companies and politicians … to tell the public that it would just be way too expensive to act on climate, and that in any case, climate change was not going to be a big deal, so the best thing to do would be to do nothing,” the paper’s co-author Ben Franta’
Juggling With Eggs mastodon (AP)

I think this is where my concern about ‘research’ institutes comes into play with economics.

He who pays the piper, picks the tune.

I worked with economists in a university who were very open and transparent about their research funding…most were able to carry out research with little or no funding. Those that did have grants tended to go for traditional research councils (ESRC). This was about retaining independence.

But most economists don’t work for universities.

Juggling With Eggs mastodon (AP)

@GhostOnTheHalfShell

I can understand your concern regarding economists getting involved in climate science and what they may bring to the table.

I was curious to find out whether there had been any collaboration between Economics and Architecture where I previously worked in relation to the field I presently work in - decarbonisation and retrofit. I found this paper…I don’t think it’s damaging, but nor is it going to create change

https://www.nature.com/articles/s41598-022-23624-9

Juggling With Eggs mastodon (AP)

@GhostOnTheHalfShell

His name rang a bell…but I must confess I was deep in twin toddler issues when this guy got his Nobel. Very disturbing:

https://theintercept.com/2023/10/29/william-nordhaus-climate-economics/

Pippin friendica
What, politicians, is the cost of "civilisation collapses"? Probably best to consider it effectively the infinite cost option, hmm?