Article in New York Times: Rhetorical excess undercuts the case against global warming

The global economy must be transformed immediately to avoid catastrophic climate damage, a new United Nations report declares. Climate economist William Nordhaus has been made a Nobel laureate. The events are being reported as two parts of the same story, but they reveal the contradictions inherent in climate policy—and why economics matters more than ever.

Over the past half-century, environmentalists have predicted countless calamities. Their extreme predictions were typically wrong, their draconian countermeasures turned out to be mostly misguided, and we should be grateful we didn’t follow their harmful advice. We need to keep this history in mind as we are inundated with stories of climate Armageddon.

By Bjorn Lomborg Published: December 23 2009

After 12 days of protests, posturing and seemingly endless palaver, the elephantine gath ering that was the Copen-hagen climate summit has laboured mightily and brought forth . . . a mouse. As vague as it is toothless, the accord on curbing greenhouse gas emissions that emerged from the Bella Centre this weekend imposes no real obligations, sets no binding emissions targets and requires no specific actions by anyone. (...)