Alan Carlin has a peer reviewed paper in The International Journal of
Environmental Research and Public Health, which concludes that
climate policy is, in my terminology, a tourniquet for a
nosebleed:
The economic benefits of reducing CO2
emissions may be about two orders of magnitude less than those
estimated by most economists because the climate sensitivity factor
(CSF) is much lower than assumed by the United Nations because
feedback is negative rather than positive and the effects of CO2
emissions reductions on atmospheric CO2 appear to be short rather
than long lasting.
The costs of CO2 emissions reductions are
very much higher than usually estimated because of technological
and implementation problems recently identified.
