Discover and read the best of Twitter Threads about #nordhaus
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#Germany 🇩🇪 is overpaying for #climateprotection by 183 bln USD or 4.5 percent of #GDP. 📉🌍 @BjornLomborg #FalseAlarm #climate #economy /1 
Watch @ProfSteveKeen, Professor of economics at @KingstonUni, talking at the @OECD conference “Averting Systemic Collapse”, as he strongly criticises 2018 Nobel price laureate William #Nordhaus, who described a 4° temperature rise against preindustrial as “optimal”.
[THREAD 1/7]
[THREAD 1/7]
“So-called climate conomists have been making up their own estimates. They assumed that the observed variations of economic activitiy (GDP) with climate (temp) over space holds over time as well. Sounds very clever but it’s incredibly stupid.”
— Professor Steve Keen
[THREAD 2/7]
— Professor Steve Keen
[THREAD 2/7]
“That is outrageously stupid. And not just stupid in some academic exercise. This is threatening the existence of human society!
If anybody is going to bring capitalism undone, it’s going to be the economists who wrote this research.”
— Professor Steve Keen
[THREAD 3/7]
If anybody is going to bring capitalism undone, it’s going to be the economists who wrote this research.”
— Professor Steve Keen
[THREAD 3/7]
