Astutely and with convincing arguments, Hans-Werner Sinn describes the “Green paradox”. Viewing the climate problem as an economist, the best-selling author examines the blind spots in an important debate.
It is not the European industrial states like Germany that can determine how quickly the earth warms up but rather the oil sheikhs. The belief that we can save the climate by consuming less energy is pure illusion. If the sheiks do not cut back the flow of oil, our energy saving will only lower the price of oil on the world market. This will please the Americans and Chinese who will burn exactly the same oil that we have saved. And worse things could also happen. If the oil sheikhs feel threatened by Green policies and fear falling prices, they will extract their oil more rapidly – with the effect that the earth will warm up even faster.
The Green Paradox - Theses on Climate Change Organizer: Bavarian Radio, BRalpha, Ifo Institute for Economic Research, Munich, University of Munich Venue: Ifo Institute for Economic Research, Poschingerstrasse 5, 81679 Munich, Ludwig Erhard Room
The Green Paradox – Ifo President Presents New Book (24 Oct. 2008)
Das grüne Paradoxon. Plädoyer für eine illusionsfreie Klimapolitik Hans-Werner Sinn Econ: Berlin, 2008, 480 S, gebunden. ISBN-13: 9783430200622, 24,90 €.
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