Global Warming Might Have Net Benefits Through The Year 2080

See The net benefits of climate change till 2080 by Matt Ridley. Excerpts:

"The accepted consensus among economists is that every £100 spent fighting climate change brings£3 of benefit."

"There are many likely effects of climate change: positive and negative, economic and ecological, humanitarian and financial. And if you aggregate them all, the overall effect is positive today — and likely to stay positive until around 2080. That was the conclusion of Professor Richard Tol of Sussex University after he reviewed 14 different studies of the effects of future climate trends.

To be precise, Prof Tol calculated that climate change would be beneficial up to 2.2˚C of warming from 2009 (when he wrote his paper). This means approximately 3˚C from pre-industrial levels, since about 0.8˚C of warming has happened in the last 150 years. The latest estimates of climate sensitivity suggest that such temperatures may not be reached till the end of the century — if at all. The Intergovernmental Panel on Climate Change, whose reports define the consensis, is sticking to older assumptions, however, which would mean net benefits till about 2080. Either way, it’s a long way off.

Now Prof Tol has a new paper, published as a chapter in a new book, called How Much have Global Problems Cost the World?, which is edited by Bjorn Lomborg, director of the Copenhagen Consensus Centre, and was reviewed by a group of leading economists. In this paper he casts his gaze backwards to the last century. He concludes that climate change did indeed raise human and planetary welfare during the 20th century."

"Overall, Prof Tol finds that climate change in the past century improved human welfare. By how much? He calculates by 1.4 per cent of global economic output, rising to 1.5 per cent by 2025. For some people, this means the difference between survival and starvation.

It will still be 1.2 per cent around 2050 and will not turn negative until around 2080. In short, my children will be very old before global warming stops benefiting the world. Note that if the world continues to grow at 3 per cent a year, then the average person will be about nine times as rich in 2080 as she is today. So low-lying Bangladesh will be able to afford the same kind of flood defences that the Dutch have today.

The chief benefits of global warming include: fewer winter deaths; lower energy costs; better agricultural yields; probably fewer droughts; maybe richer biodiversity. It is a little-known fact that winter deaths exceed summer deaths — not just in countries like Britain but also those with very warm summers, including Greece. Both Britain and Greece see mortality rates rise by 18 per cent each winter. Especially cold winters cause a rise in heart failures far greater than the rise in deaths during heatwaves.

Cold, not the heat, is the biggest killer. For the last decade, Brits have been dying from the cold at the average rate of 29,000 excess deaths each winter. Compare this to the heatwave ten years ago, which claimed 15,000 lives in France and just 2,000 in Britain. In the ten years since, there has been no summer death spike at all. Excess winter deaths hit the poor harder than the rich for the obvious reason: they cannot afford heating. And it is not just those at risk who benefit from moderate warming. Global warming has so far cut heating bills more than it has raised cooling bill."

"The greatest benefit from climate change comes not from temperature change but from carbon dioxide itself. It is not pollution, but the raw material from which plants make carbohydrates and thence proteins and fats. As it is an extremely rare trace gas in the air — less than 0.04 per cent of the air on average — plants struggle to absorb enough of it. On a windless, sunny day, a field of corn can suck half the carbon dioxide out of the air. Commercial greenhouse operators therefore pump carbon dioxide into their greenhouses to raise plant growth rates.

The increase in average carbon dioxide levels over the past century, from 0.03 per cent to 0.04 per cent of the air, has had a measurable impact on plant growth rates. It is responsible for a startling change in the amount of greenery on the planet. As Dr Ranga Myneni of Boston University has documented, using three decades of satellite data, 31 per cent of the global vegetated area of the planet has become greener and just 3 per cent has become less green. This translates into a 14 per cent increase in productivity of ecosystems and has been observed in all vegetation types.

Dr Randall Donohue and colleagues of the CSIRO Land and Water department in Australia also analysed satellite data and found greening to be clearly attributable in part to the carbon dioxide fertilisation effect. Greening is especially pronounced in dry areas like the Sahel region of Africa, where satellites show a big increase in green vegetation since the 1970s.

It is often argued that global warming will hurt the world’s poorest hardest. What is seldom heard is that the decline of famines in the Sahel in recent years is partly due to more rainfall caused by moderate warming and partly due to more carbon dioxide itself: more greenery for goats to eat means more greenery left over for gazelles, so entire ecosystems have benefited."

"Well yes, you may argue, but what about all the weather disasters caused by climate change? Entirely mythical — so far. The latest IPCC report is admirably frank about this, reporting ‘no significant observed trends in global tropical cyclone frequency over the past century … lack of evidence and thus low confidence regarding the sign of trend in the magnitude and/or frequency offloads on a global scale … low confidence in observed trends in small-scale severe weather phenomena such as hail and thunderstorms’.

In fact, the death rate from droughts, floods and storms has dropped by 98 per cent since the 1920s, according to a careful study by the independent scholar Indur Goklany. Not because weather has become less dangerous but because people have gained better protection as they got richer: witness the remarkable success of cyclone warnings in India last week. That’s the thing about climate change — we will probably pocket the benefits and mitigate at least some of the harm by adapting. For example, experts now agree that malaria will continue its rapid worldwide decline whatever the climate does."

"climate policy is already doing harm. Building wind turbines, growing biofuels and substituting wood for coal in power stations — all policies designed explicitly to fight climate change — have had negligible effects on carbon dioxide emissions. But they have driven people into fuel poverty, made industries uncompetitive, driven up food prices, accelerated the destruction of forests, killed rare birds of prey, and divided communities."

""Mr Goklany estimates that globally nearly 200,000 people are dying every year, because we are turning 5 per cent of the world’s grain crop into motor fuel instead of food: that pushes people into malnutrition and death. In this country, 65 people a day are dying because they cannot afford to heat their homes properly, according to Christine Liddell of the University of Ulster, yet the government is planning to double the cost of electricity to consumers by 2030.

As Bjorn Lomborg has pointed out, the European Union will pay £165 billion for its current climate policies each and every year for the next 87 years. Britain’s climate policies — subsidising windmills, wood-burners, anaerobic digesters, electric vehicles and all the rest — is due to cost us £1.8 trillion over the course of this century. In exchange for that Brobdingnagian sum, we hope to lower the air temperature by about 0.005˚C — which will be undetectable by normal thermometers. The accepted consensus among economists is that every £100 spent fighting climate change brings £3 of benefit."