This is a re-post from Carbon Brief by Josh Gabbatiss
Political lobbying in the US that helped block the progress of proposed climate regulation a decade ago led to a social cost of $60bn, according to a new study.
Environmental economists Dr Kyle Meng and Dr Ashwin Rode have produced what they believe is the first attempt to quantify the toll such anti-climate lobbying efforts take on society.
The pair say their work reveals the power firms can have in curtailing government action on climate change, in the face of “overwhelming evidence” that its social benefits outweigh the costs, which range from reduced farming yields to lower GDP.
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Explaining climate change science & rebutting global warming misinformation.Scientific skepticism is healthy. Scientists should always challenge themselves to improve their understanding. Yet this isn't what happens with climate change denial. Skeptics vigorously criticise any evidence that supports man-made global warming and yet embrace any argument, op-ed, blog or study that purports to refute global warming. This website gets skeptical about global warming skepticism. Do their arguments have any scientific basis? What does the peer reviewed scientific literature say? » Read more from this author