British politicians finds Nicholas Stern's report terribly convenient. It has been torn to pieces by some of the most respected climate-change economists, Tol and Nordhaus are two examples that are discussed in my green tax report. It is exceptionally pessimistic compared to the rest of the literature and clearly has a host of problems but Stern's report continues to have a huge appeal to those looking to cast themselves as green saviours or find an excuse for new taxes.
Mendelsohn, another very reputable climate-change economist, contributes a broad examination of the problems in Stern's report. Well worth reading.
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