Consistently Working to Make Us All Poor
Ambrose Evans-Pritchard talks in his blog about a recent Goldman Sachs meeting about climate change. In particular, this is what Lord Nicholas Stern had to say after declaring that we have a 50% “chance of destroying civilization within the life-span of people already born, unless drastic action is taken to slow CO2 emissions“:
[We] will have to cut from 6 tonnes of carbon per capita to 2 tonnes
The above means a 90% cut in emissions for the USA, a figure that becomes “only” 83% for Europe. How can that be achieved?
Well, we should acknowledge Stern’s consistency. He wants people’s activities to emit less carbon than at present; and he knows that the poorer people are, the less carbon they emit.
Hence his single-mindedness on getting everybody as indigent as possible, starting with a dent of 1.5 to 2.5% of world GDP “for insurance purposes“.
Actually, if only we were as destitute as the poorest landless peasant in Bangladesh or Zambia, there would be no reason to worry about the Earth’s climate.