The IPCC actually deals with the send thing you mention, i.e., an estimate of the reduction in growth that would occur from mitigation. For the most stringent limit on CO2 that they consider (leveling it off somewhere in the range of 450-500ppm, I think), the estimates are a reduction in world GDP growth of at most 0.12% per year over the next 50 years.
The Stern Report attempted to provide estimates of costs both ways (i.e., costs of mitigation vs. costs of damage from AGW) and concluded that the latter were much higher. There have been criticisms of this report…a lot that I think are the usual suspects arguing the usual things…although there are also some concerns about it that seem to be legitimate. Clearly, arriving at these costs on both sides involves a lot of uncertainty and is sensitive to various assumptions.
An approach that I like best is that presented in this paper. It recognizes the inherent uncertainties in knowing the costs due to damages of AGW and when those costs kick in as a function of our emissions. So, it basically assumes that in 30 years, we will have a much better idea of what the climate sensitivity is to greenhouse gases and the maximum global temperature rise that keeps us below the regime where damages become very large. And, it asks what is the least-cost policy to pursue in the meantime.
My degree is in physics too. And, I think physics gives one a good background to wade into the climate science field…although clearly one has to read a lot of stuff in order to get up to speed and I am still trying to do that. I would also note that it seems to me (from an admittedly limited perusal of CVs) that many of the people working in the field seem to have physics backgrounds also and then switched toward climate science at some point after undergrad.
But, it seems to me that your examples are of tampering with things in order to try to correct for a problem that we are causing…what I have sometimes called “the swallow a spider to catch the fly” approach. An analogy in climate science would be embarking on a program to inject lots of aerosols into the stratosphere to counteract the warming effects that we are causing…and I agree that such approaches are dangerous. In fact, apparently many climate scientists are beginning to understand why such solutions may not be very good. (There was a RealClimate piece reporting from a session at the AGU meeting on such geoengineering solutions.)
However, I don’t think reducing our CO2 emissions falls into this category at all. It is just reducing the perturbation that we are putting on the climate system. I suppose, depending on the solutions, you could worry about causing very different environmental problems or economic problems but I don’t really see how there is risk to causing more damage to the climate system through mitigation.
A few comments here: Well, sure there are benefits but that doesn’t mean we should not worry about the costs. And, we also need to ask if we can have much of the benefits still without incurring the costs. And, furthermore, we already know that we can’t simply burn fossil fuels forever because they are a finite resource. So, we need to develop alternatives. Isn’t it better to put the market incentives for that to happen in place now rather than wait until we have incurred a significant amount of the costs.
I agree with you about auto accidents although I guess I am a little more skeptical than you about whether we have made the optimal decision in that regard. People have strange ways of dealing with risk and it is strange to me how risk-tolerant people are with automobiles and how risk-intolerant they are, with say, airline fatalities…And, I guess I am not willing to believe that this has all come about through people making the optimal rational choices.
I am amused by the way you have reasoned through this. You recognize that it would be short-sighted of them to damage our prosperity for no gain but then conclude that that is their approach anyway. Perhaps they are more intelligent than you give them credit for and they recognize that damaging our prosperity is not good but think that the benefits of the emissions reductions outweigh the costs.
And, by the way, it has always been stated that Kyoto is the start of a process and although the developing nations don’t have any commitments under Kyoto, they will in the future. So, I think they understand that in agreeing to Kyoto they are starting down a road that will lead to them having to make commitments too.
Well, everyone clearly has political leanings. However, even if we might have differences of opinion on issues regarding distribution of wealth and so forth, I think you have to admit that the problem of poverty in the world is not in large part due to there being inadequate wealth to go around. I.e., there is no evidence that if the average wealth of the world increased by a factor of 2, or a factor of 5, that would automatically translated into huge gains in wealth of those at the bottom. In fact, I think that historically the increase in wealth has occurred in large part by having the distribution broaden rather than just shift upward.
Also, measures of wealth such as GDP are imperfect indicators and, in particular, do not well-measure the effects of degradation of the environment…Effects that can, among other things, have important effects on future wealth.
Thanks for the thoughtful discussion, flex727.