This brilliant theoretical physicist writes two book reviews for the NY Review of Books. Topic? Global Warming. In particular policy prescriptions & the scientific climate. Bottom line of several pages of review?
- Assuming AGW is true, a global carbon tax (determined by some sort of optimisation routine) increasing over time is most efficient economic mechanism. Call this the "optimal policy".
- Policy prescription: "Avoid the ambitious proposals. Develop the science and technology for a low-cost backstop (cheap solar, "carbon-eating trees" &c - my addition). Negotiate an international treaty coming as close as possible to the optimal policy, in case the low-cost backstop fails. Avoid an international treaty making the Kyoto Protocol policy permanent."
- Policy prescriptions proposed by Stern and Gore are "disastrously expensive".
Some context: Dyson is a proponent of AGW. And a lefty. And despite both of these deep seated convictions he remains more dispassionate and insightful than most (including myself).
Brilliant discussion and analysis. Read the whole thing.