In the youngest New York Times (NYT) Editorial “Climate change could become a global economic catastrophe”, the author David Gelles paints a picture of the upcoming economic breakdown, which is driven by the air -conditioned destruction of real estate markets, the availability of insurance and global GDP. Gelles' demands are speculative, based on a faulty analysis of climate change and an incorrect understanding of economy and history. The evidence indicates that these apocalyptic scenarios are not only based on the worst modeling that is completely divorced from empirical data in the real world, but also ignore the long recording of humanity about adaptation, innovation and resilience in view of the change.
Let's start with the heart of the article: The global temperatures are “all out of safe” to cross 2 ° C and reach 3 ° C by the end of the century. This assertion is heavily based on scenario-based climate models. As mentioned in climate orientalism, even the IPCC now recognizes softly that its previously advertised wedding route, RCP8.5, is increasingly implausible. And yet this outdated scenario remains the contact point for media catastrophism. Data in the real world show warming trends that are more consistent with the forecasts of the lower end, without signs of the feedback loops media that have been out of control.
In addition, the models are routinely adapted retrospectively, and their forecasts rarely agree to the actual climate observations. Like Roy Spencer, Ph.D.
The NYT Papes an old favorite: that cities like Miami and Osaka will be under water. The implication is a biblical flood, which, however, show actual tidal measuring devices and the satellite altimetry that the increase in sea level is not an acceleration. The sea level continues to increase with a modest linear rate of around 3 mm per year – the trends that have been observed since the 19th century and certainly nothing that cannot meet the infrastructure to prevent floods.
And what about the “1.47 trillion US dollars of lost property value” for the forecast of 2055? These claims are based on reports of the First Street Foundation, the success of which includes exaggerated flood cards, which often incorrectly represent the actual local risk. These so -called models overlook local improvements in the infrastructure, rainwater management and the protection of the amount. They are instruments of advocacy, not science. In fact, the population increases are continued in areas that are historically susceptible to natural disasters such as floods, hurricanes and forest fires, as is reflected in increasing real estate values.
The warning by the Gelles of falling harvesting below 3 ° C warming is refuted by global agricultural data. As the climate management explains, the yields for large harvests – corn, wheat, rice and soybeans – have continued to break the records year after year because the earth has modestly heated up. Carbon dioxide, the supposed villain in this story, is actually a plant nutrient. An increased atmospheric CO₂ increases photosynthesis and the efficiency of the water use-effective, which real farmers know, even if climate agriculturalocrats not to do it.
Yes, localized crop failures can occur from drought or heat – but global food systems are more diversified, more mechanized and more resilient than at all times in the history of mankind. Due to climate change, there is no upcoming famine – only misleading headlines that are caused to advance the political agenda.
One of the more theatrical claims comes from the board member of Allianz SE, Günther Thalinger, who warns that “entire regions cannot be insured”. This narrative is increasingly being used by activists who will precede the regulatory and financial compliance with extreme climate -loving. As climate-oriented, the actual drivers, behind the withdrawal of insurance from certain areas, are not climate-induced disasters, but rather the political and regulatory pressure-price controls, legal liability risks and zoning decisions.
The insurers adapt the interest rates and cover areas based on risks, profit margins and political interventions. This is capitalism, not a climate case. This concludes that the entire financial system is short of the implosion due to climate change, which is based on the ignorance of how insurance markets work together with state regulations.
The last paragraph of the editorial warns that the financial sector can collapse due to the climate disease and “capitalism, as we know that it is no longer viable”. This is not a science – it is propaganda. No credible economic historian or climatologist has raised such a claim to empirical evidence. This is the nyt in its most hyperbolic: throw rhetorical grenades instead of dealing with facts. In fact, the global and regional GDP has continued to increase during the recent climate change, more people have become wealthy and less in poverty than ever in poverty.
The actual risk of economic systems is climate change – climate policy of climate policy. From carbon taxes that have enforced the paralyzing industry to the forced electrification without a willingness to network, the rush to “fight” climate change leads to exploding energy costs, decline in manufacture, inflation and lost consumer freedom.
It seems that the NYT story is based on a fact-free “House of Cards”, which ignores the mainstream media, which increases the tendency to write “fake messages”, and especially when the problem of climate change.
The New York Times has long abandoned journalistic neistic neutrality in climate issues. Instead of keeping alarming, checked climate claims up to the exam, the NYT printing is the truth of the gospel. This piece is not journalism – it is a representation of interests. Any systemic climate risk for the economy results from the incorrect report of the climate facts and state guidelines that were issued in response to the wrong climate claims and not to climate change itself.
Anthony Watts
Anthony Watts is a senior fellow for the environment and climate at the Heartland Institute. Watts has been working as an on-air TV in the weather business and behind the camera as an on-air television meteorologist. He has created weather graphics presentation systems for television, specialized weather instruments and papers prepared together with specialist problems. He operates the most viewed website of the world in the climate, the award -winning website wattsupwiththat.com.
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