...Much more unsettling for an application of (present discounted) expected utility analysis are the unknowns: deep structural uncertainty in the science coupled with an economic inability to evaluate meaningfully the catastrophic losses from disastrous temperature changes...-- from On Modeling and Interpreting the Economics of Catastrophic Climate Change by Martin L. Weitzman (7 July 08)
Paul Krugman cites Weitzman, and thinks Mr. Obama was "dismissive when he should have been outraged" at John McCain's plan to increase offshore drilling.
In Britain, NEF gets a headline or two with 100 months until 450ppm, and activists prepare to go to jail.
[On the economics, see also Discounting rhetoric]
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