Niall Ferguson: Now, I am not about to deny that climate change is happening or that global warming is going to have adverse effects in the foreseeable future. Not even Bjorn Lomborg, the sceptical Danish economist, says that. The point, as he argued in a recent, brilliant presentation at the Hoover Institution, is that — as in the past — we humans are capable of adapting to climate change in ways that can significantly mitigate its adverse effects. It would be foolish to do nothing to prepare for a warmer planet. But it would be more foolish to pretend that we are doing something that will significantly reduce carbon dioxide emissions when we are not. Greta is right about one thing. The chances are virtually nil that the governments of the world will do as she asks. While the West virtue-signals, China, India, Brazil and others will continue to attach more importance to growth than to curbing emissions. The planet will grow warmer, just as it grew colder in the 1600s. And we shall adapt, taking advantage of the technological innovations that will gradually improve how we generate and store electrical power and ward off flood waters.
Times 1st Sept 2019 read more »