The failure of Garnaut

The failure of Garnaut | Daily Telegraph Piers Akerman Blog

TAXPAYERS should ask Professor Ross Garnaut for their money back: his report is little more than a fearmongering document designed to bolster the age-old socialist agenda of wealth redistribution.

It fails from the basis of science and it fails from the basis of economics but it will, however, warm the hearts of the anti-capitalist doom merchants of Europe and inner-urban branches of the Labor Party with its prognostications.

Nostradamus would be proud.

Like all who have signed on to the view that humans are responsible for global warming, Professor Garnaut cites the IPCC’s (Intergovernmental Panel on Climate Change) projections on the rate of climate change as coming from a scientifically based consensus.

This is complete rubbish.

The only consensus was between bureaucrats who wanted to agree to a number, the energy-rich Saudis wanted a low number, the energy-deficient Europeans wanted a low number, and they struck a deal which is the basis of Professor Garnaut’s consensus.