They also have to balance the resources of the state with the benefits to its society. People will be safer if a maned fire truck is parked in front of everyone's home - cost considerations say this is ridiculous.
As Shakespeare said: "Therein lies the Rub!"
When last did you see an alarmist even attempt to quantify the benefits of Carbon ? (Answer: They almost never do!)
The Social Cost Of Carbon
We have various think tanks of Thermogeddonists calculating the “social cost of carbon dioxide” and that this should be the basis of various forms of mooted carbon taxes or cap and trade deals.
All of this is nonsense economics since they only consider the costs of CO2 but never the benefits.
So a cost benefit analysis that ignores the benefits is clearly arrant nonsense.
“Mitigation strategies that are inexpensive enough to be affordable will be ineffective; strategies that are expensive enough to be effective will be unaffordable.” Lord Lionel Monkton of Brenchley
The Social Benefit Of Carbon
Which shows the benefits can be conservatively estimated at U$4000 per tonne or if you are stupid enough to go for energy impoverishment of the planet as a solution to a non-existent problem you will destroy wealth to the tune of U$3960 for each tonne of carbon “saved”. (Based on the UN calculated “Social Cost of Carbon” as U$40 per tonne.)
And
Where Have All The Disasters Gone?
Commentary on another estimate of U$68 per tonne for the social cost of carbon.
Without going into the calculations that would amount to U$98 Trillion dollars in costs – based on our consumption of fossil fuels since 1950.
But if you add all the recorded climate catastrophes together (for the same period) with their costs as listed in Wikipedia,
then you get a total of on U$2 Trillion ?
As a crude approximation let us assume all the smaller catastrophes add up to as much again and additionally make a gross assumption that CO2 was “responsible” for as much as 10% of this, then we get a social cost of carbon of only U$0.28c per tonne.
Once again showing how out of whack alarmist calculations are with reality. If not outright lying it is at least over exaggerated to the point of falsehood
Even the IPCC reports calculate that the “do nothing” scenario will wipe out 2% of GDP by 2070 – but fails to reconcile that against other UN agencies calculating we will all be 365% richer by then.
You would not have to do much damage to the economy to wipe out “all” you have saved – and in all likelihood, do very much worse.
As I point out frequently this is not just economic suicide – people will die in very large numbers if we continue down this lunatic pathway.
William Nordhaus (Yale) co-recipient of the 2018 Nobel prize for economics – for his work on the societal cost of carbon – he recommends a carbon tax to deal with (his perceived) market failure to combat climate change – but in spite of this comes to the conclusion that the IPCC recommendations will be far more costly than the “do nothing” scenario – and somewhat sheepishly admitted that even under the “do nothing” scenario there would be nett benefits up to 4°C – which is where his “break even point” occurs.
William Nordhaus versus the United Nations on Climate Change Economics - Econlib
However there are other studies which suggest that carbon is a nett benefit rather than a cost and therefore the “social cost of carbon” is in fact a boon to society.
On Externalities, Integrated Assessment Models, and UK climate policies
Social Cost of Carbon
Since 4°C is at the upper end of the unlikely high end scenarios of the IPCC the only conclusion I can come to is that the “do nothing” scenario is the best option.
The correct response to a non-problem is to do nothing in any case.
”Strange times are these in which we live when old and young are taught falsehoods in school. And the person that dares to tell the truth is called at once a lunatic and fool”. ~ Plato.
“We must be ready to employ trickery, deceit, law-breaking, withholding and concealing truth. We can and must write in a language which sows among the masses hate, revulsion, scorn, and the like, towards those who disagree with us.”– Vladimir Ilyich Lenin (1870-1924).
“Politics is the art of Authority without Merit.” — PJ O’Rourke
Regards, Ken