Tag Archives: DICE model

Climate Change: A Question of Caves and Mansions 1?

A can’t count the number of moribund discussions I have had over the veracity of climate change. Having spent the best part of my career in the financial industry, it is impossible not to come across certain colleagues, clients and brokers who see global warming as an affront to free market economics and therefore something that could not possibly exist.

Such questioning of the science, however, doesn’t particularly bother me: a contrarian mindset is a prerequisite for a successful career managing money so the multitude of climate skeptics within the industry should not be a surprise. What does frustrate me, though, is that many of those who argue so vehemently that climate change is a product of statist scientists trying to secure government funding don’t feel the need to acquaint themselves with the basic tenets of what they are arguing against (and yes I have had the painful experience of reading through the standard skeptic offerings from Ian Plimer‘s ‘Heaven and Earth’, to Nigel Lawson’s ‘An Appeal to Reason‘, to Bjorn Lomborg’s ‘Cool It‘ and many more).

When engaging with many skeptics, it is like arguing with someone over the merits of a novel when my opponent has only read the reviews in a newspaper and not the original text. Continue reading