“The Stern review is not about climate change but about economic, technological and trade advantage. Its perpetrators seek power through climate scaremongering. The review's release was carefully timed to closely precede this month's US congressional elections and the Nairobi climate conference. Beyond these events, we can expect another burst of alarmist hallelujahs to accompany the launch of IPCC's assessment report in February.
Though it will be lionised for a while yet, the Stern review is destined to join Paul Ehrlich's The Population Bomb and think tank the Club of Rome's manifesto, Limits to Growth, in the pantheon of big banana scares that proved to be unfounded. It is part of the last hurrah for those warmaholics who inhabit a world of virtual climate reality that exists only inside flawed computer models.”
Bjorn Lomberg also has a go at the Stern report:
“Unfortunately, this claim falls apart when one reads the 700-page tome. Despite using many good references, the Stern Review on the Economics of Climate Change is selective and its conclusion flawed. Its fear-mongering arguments have been sensationalised, which is ultimately only likely to make the world worse off.
The review is also one-sided, focusing almost exclusively on carbon-emission cuts as the solution to the problem of climate change. Stern sees increasing hurricane damage in the US as a powerful argument for carbon controls. However, hurricane damage is increasing predominantly because there are more people with more goods to be damaged, settling in more risky habitats. Even if global warming does significantly increase the power of hurricanes, it is estimated that 95 per cent to 98 per cent of the increased damage will be due to demographics. The review acknowledges that simple initiatives such as bracing and securing roof trusses and walls can cheaply reduce damage by more than 80 per cent; yet its policy recommendations on expensive carbon reductions promise to cut the damage by 1 per cent to 2per cent at best. That is a bad deal.
Stern is also selective, often seeming to cherry-pick statistics to fit an argument. This is demonstrated most clearly in the review's examination of the social damage costs of CO2, essentially the environmental cost of emitting each extra tonne of CO2. The most well-recognised climate economist in the world is probably Yale University's William Nordhaus, whose "approach is perhaps closest in spirit to ours", according to the Stern review. Nordhaus finds that the social cost of CO2 is $2.50 per tonne. Stern, however, uses a figure of $85 per tonne. Picking a rate even higher than the official British estimates - which have been criticised for being over the top - speaks volumes. ”