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There's a big difference between paying attention to costs and optimizing the transition, and listening to climate economists. The best grid modelers out there
by epistasis 5y ago
There's a big difference between paying attention to costs and optimizing the transition, and listening to climate economists.
The best grid modelers out there for planning a carbon free electricity grid are not economists. They may be applying economics 101 as you call it, but they were not primarily trained in the field and they do not identify as economists.
Similarly, when it comes to how to change behavior. There may be some hints from behavioral economy in order to guide consumer behavior, but they will be minor effects compared to industrial policy, tax policy, and solid investment in new tech and deployment.
The National Review is a political magazine with a huge slant, and that slant is not towards a speedy and effective decarbonization of the economy. Quite the opposite. They are trying to convince their audience to listen to climate economists in order to slow the transition.