Written by Tim Worstall, guest post on Jun 8, 2021. Posted in Latest news
Major New Climate Impact Paper Deceives Public: ‘Academic Trickery And Half-Truths’
swiss re headquartersA major report on the economic impact of climate change published by the insurance giant Swiss Re and heavily promoted by Oxfam and the media is misleading the public, according to a rebuttal published today by the Global Warming Policy Forum (GWPF).
Author Tim Worstall says that Swiss Re’s claim climate change would reduce world GDP by 8.5% per year is highly deceptive because it fails to take account of economic growth.
The economy in 2050 is likely to be much bigger as a result of economic growth and smaller as a result of any damage due to climate change that may occur. In other words, the world our children will experience will be the net result of these two effects.
But as Worstall explains, Swiss Re has simply left out one half of the equation:
https://climatechangedispatch.com/major-new-climate-impact-paper-deceives-public-academic-trickery-and-half-truths/
