Climate Change and Economic Policy

Julian Gough

World Economics, 2020, vol. 21, issue 1, 65-92

Abstract: Analysis of data for the last two decades showed global temperatures on a plateau and little correlation of global temperatures with the concentration of carbon dioxide in the atmosphere. The so-called ‘consensus' theory of climate change is currently failing to predict correctly and is oversimplistic. Based on a flawed theory, economic policies pursued by the EU and UK to achieve zero net carbon emissions by 2050 will have little impact on global temperatures. These policies will do considerable damage to national economies resulting in lower economic growth, distorting the allocation of resources, raising energy prices, reducing consumer choice and posing a major threat to stability of electricity supplies.

Date: 2020
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