If even Fifa World Cup was forced to pause for heat, the myth that developed nations can manage climate change is over. They should recommit to deep emission cuts, transfer finances & tech to developing worldWilliam Nordhaus was the poster child of the “global warming isn’t so bad” camp in 1990s – precisely when the world was negotiating the UN Framework Convention on Climate Change (UNFCCC) and Kyoto Protocol.His much-cited 1991 paper, ‘To Slow or Not to Slow’, projected that a 3°C rise in global temperature would shave barely 0.25% off US income.His later work went further, predicting gains for cold developed regions – lower heating bills, longer growing seasons, better farming in US, Canada, Russia, and Europe – while poor tropical countries bore the losses.Read the full story on TOI+.
Disclaimer: Views expressed above are the author’s own.