The Children’s Climate Lawsuit Against The Children | Stock News & Stock Market Analysis – IBD
If regulatory and other policies implemented by the current generation yield less wealth now and a smaller total capital stock for future generations, then more resource consumption and more emissions of effluents currently would be preferred from the viewpoint of those future generations.
That is only the beginning of the problematic factual assertions and assumptions underlying the children’s lawsuit. The measureable effects of increasing GHG concentrations are far smaller than the climate models would lead one to believe. The degree to which recent warming has been anthropogenic is unsettled in the scientific literature; and the Intergovernmental Panel on Climate Change (IPCC) in its fifth assessment report (AR5) has reduced its estimated range of the effect in 2100 of a doubling of GHG concentrations from 2.0–4.5 to 1.5–4.5 degrees C.
There actually is little evidence of strong climate effects attendant upon increasing GHG concentrations, in terms of sea levels; Arctic and Antarctic sea ice; tornado activity; tropical cyclones; U.S. wildfires; drought; and flooding. IPCC in the AR5 is deeply dubious (Table 12.4) about the various severe effects often hypothesized (or asserted) as future impacts of increasing GHG concentrations.
FOLLOW THE LINK FOR THE FULL REPORT – JR