Skip to main content

Bjorn Lomborg: Barron's interview

Kind of a think piece for Friday and your Memorial Day weekend: Barron's interviews Bjorn Lomborg, "the skeptical environmentalist", for a profile entitled, "Global Warming is Manageable - if We're Smart".

Here's an excerpt from that piece:

"Barron's: Bjorn, what do you think will be the outcome of the negotiations to curb global warming this December?

Lomborg: The participating nations will again agree to spend quite a bit of money to cut carbon emissions and again achieve virtually nothing. We already tried that twice -- in Rio in 1992, and in Kyoto in 1997. Both of these treaties failed.

We will see a lot of posturing, but presumably this isn't about having a lot of environmental ministries or even presidents and prime ministers come out and claim credit for making costly commitments that we won't be able to live up to, and which would barely make a dent in the problem anyway.

When I first started in the global-warming debate, I was struck by the fact that the world was going to pay $180 billion a year for a protocol that could at best reduce the temperature by 0.3 degrees Fahrenheit by the end of the 21st century. The U.N. estimates that for less than half that amount, we could provide clean drinking water, sanitation, and basic health care and education to every single human being on the planet. The same warped sense of priorities will continue to bedevil us this December in Copenhagen..."

Before reading this interview, I didn't know much about Lomborg, a statistician keen on discussing solutions to our environmental problems and debating global warming issues.

I recall listening to his 2007 interview with the Financial Sense Newshour, but I'll have to hear it again to recall the full details of this discussion.

For those who want to hear more, Lomborg also appears in this TED talks video, offering his views on climate change and global health priorities.

Enjoy the interviews, and we'll see you after Memorial Day.

Popular posts from this blog

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety .  My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes .    Related posts: 1. Seth Klarman interviews and Margin of Safety notes     2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4.

Clean Money - John Rubino: Book review

Clean Money by John Rubino 274 pages. Hoboken, New Jersey John Wiley & Sons. 2009. 1st Edition. The bouyant stock market environment of the past several years is gone, and the financial wreckage of 2008 is still sharp in our minds as a new year starts to unfold. Given the recent across-the-board-declines in global stock markets (and most asset classes) that have left many investors shell-shocked, you might wonder if there is any good reason to consider the merits of a hot new investment theme, such as clean energy. However, we shouldn't be too hasty to write off all future stock investments. After all, the market declines of 2008 may continue into 2009, but they may also leave interesting investment opportunities in their wake. Which brings us to the subject of this review. John Rubino, author and editor of GreenStockInvesting.com , recently released a new book on renewable energy and clean-tech investing entitled, Clean Money: Picking Winners in the Green Tech Boom . In Clean

Slate profiles Victor Niederhoffer

Slate's recent profile of writer/speculator, Vic Niederhoffer has been getting some attention from traders and finance types in recent days. I thought we'd take a look at it here too, to offer up some possible educational value from Vic's experiences with trading and loss. Here's an excerpt from Slate's profile of Victor Niederhoffer : " I've enjoyed getting your e-mails. It sounds like you've thought a lot about being wrong. Well, the reason you contacted me, to call a spade a spade, is that I'm sort of infamous for having made a big, notorious, terrible error not once but twice in my market career. Let's talk about those errors. The first was your investment in the Thai baht, which pretty much wiped you out when the Thai stock market crashed in 1997. I made so many errors there it's pathetic. I made one of my favorite errors: "The mouse with one hole is quickly cornered." That is key. There are certain decisions you make in li