After weeks and months of press coverage seemingly Through the Looking Glass, Paul Krugman has sent us a breath of fresh air this morning in the New York Times Magazine, entitled “Building a Green Economy“. Krugman now joins fellow NYT columnist Tom Friedman as required reading in my Global Warming for English Majors class at the University of Chicago.
There is a lot here to comment on and discuss. The extinctions at the Paleocene Eocene Thermal Maximum, for example, were mostly limited to foraminfera, single-celled shelly protozoa living at the sea floor, not really a “mass extinction” like the end Cretaceous when the dinosaurs got feathered. The Gulf Stream is not the only thing keeping Northern Europe warmer than Alaska. Krugman’s four reasons why it’s dubious to compare costs of climate mitigation to adaption didn’t include the unfairness, that the people paying the costs of climate change would not be the same ones as reap the benefit of CO2 emission. He also seems to have missed the recent revelation that what really matters to climate is the total ultimate slug of emitted CO2, implying that unfettered emission today dooms us to more drastic cuts in the future or a higher ultimate atmospheric CO2 concentration, which will persist not just for “possibly centuries”, but almost certainly for millennia.
But despite a few off-notes, reading this very nicely written, beautifully laid out and argued piece felt like getting a deep sympathetic body massage after a bruising boxing match. Thank you, Mr. Krugman.