Monday, November 01, 2010

Inventor of Cap-and-Trade Thinks It’s the Wrong Approach to Climate Change « The Washington Independent
But although he devised the idea, [Thomas] Crocker said in an interview with The Washington Independent that cap-and-trade is not the best policy to reduce greenhouse gas emissions and, going a step further, raised questions about climate science.

“The economists who have studied this problem, say, ‘Yes, it’s worthwhile taking some measures,’” Crocker said. “But to get into a great big panic and jump overboard right now is really not appropriate.”
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Greenhouse gases, Crocker argued, are not as incrementally dangerous as SO2 and other pollutants. Therefore, price certainty, delivered through a carbon tax, is more important.

More broadly, Crocker raised questions about climate science, arguing that the models used by climate scientists are easily manipulated.

“There’s a great deal of ambiguity with respect to the natural science,” he said. “These models that they employ seems to me, they are numerical simulations, and as with any numerical simulation, a great deal depends upon what values you attach to unknown parameters.”

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