16 September 2012

James Hansen talks to a very young economist

This is James Hansen talking to a very youthful-looking interviewer from The Economist. I am assuming the interviewer had not been born when Hansen gave his well-known testimony to a committee of the US Congress.

The interview is 7 and a half minutes long. Hansen has his loaded climate dice and he talks about how extremely low the probability of recent extreme weather events would be if there was no trend of global warming.

Hansen also puts the case for a carbon price as a market-consistent policy that still lets markets decide the allocation of resources between competing uses. He warns that failure to adopt a steadily rising carbon price will inevitably lead to intrusive and additional Government regulation in order to achieve the same aim.

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