Cool It: The Skeptical Environmentalist's Guide to Global Warming
The title of this highly readable book has a double meaning: steps should be taken against global warming, but unsupported claims that climate change will lead to global catastrophe and human calamity should be avoided. The book is a plea for a rational discussion of social priorities, persistently invoking cost-benefit comparisons. The Danish statistician Lomborg finds the Kyoto Protocol far too costly for the modest benefits it can bring, even as only a first step. A big concern in the increasingly global dialogue on climate change is that the poorest countries, with the least adaptive capacities, will be the most damaged. Thus issues of equity play a large role in the discussion. Lomborg argues that greatly slowing down climate change is a terribly inefficient way to help poor people, now or in the distant future. Payoffs per dollar spent can be increased many hundredfold by instead seriously attacking HIV/AIDS and malaria, providing safe drinking water and sanitation, and distributing micronutrients. Lomborg also debunks some of the more spectacular claims about climate change -- for example, that it is depleting the global population of polar bears. To mitigate climate change, he suggests taxing emissions of carbon dioxide -- initially at a modest rate of $2 a ton -- and greatly increasing research-and-development expenditures for nonemitting technologies that can provide adequate energy to all.
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Increasing aid and market access for poor countries makes sense but will not do that much good. Wealthy nations should also push other measures that could be far more rewarding, such as giving the poor more control over economic policy, financing new development-friendly technologies, and opening labor markets.
Globalization has brought huge overall benefits, but earnings for most U.S. workers -- even those with college degrees -- have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.
The institutions and policies that were set up after the 1973 Arab oil embargo can no longer meet the needs of energy consumers or producers. The definition of energy security needs to be expanded to cope with the challenges of a globalized world.
