Rationally speaking …

Matt Ridley, the Rational Optimist, on the IPCC’s latest report …

AR5-WGII, is less frightening than its predecessor seven years ago.

The 2007 report was riddled with errors about Himalayan glaciers, the Amazon rain forest, African agriculture, water shortages and other matters, all of which erred in the direction of alarm …

… It puts the overall cost at less than 2% of GDP for a 2.5 degrees CentigradeĀ  temperature increase during this century. This is vastly less than the much heralded prediction of Lord Stern, who said climate change would cost 5%-20% of world GDP in his influential 2006 report for the British government …

… it appears that in our efforts to combat warming we may have been taking the economic equivalent of chemotherapy for a cold.

The entire article can be found <HERE> and is well worth reading.

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