Cross-posted from Real Climate Economics.
The House Committee on Science, Space, and Technology held a hearing yesterday on climate change science, economics, and policy. It was fascinating to listen to, and will no doubt provide much rich food for thought and discussion (for starters see Andy Revkin, or Chris Mooney, or Steve McIntyre for a skeptic’s view). The witnesses included two climate scientists (Kerry Emmanuel and John Christy), a physicist turned climate researcher (Richard Muller), a corporate lawyer (Peter Glaser), a business school expert on forecasting (J. Scott Armstrong), and a respected economist (David Montgomery). Several of the witnesses are quite well known, and each is worth a story, or several. However, I will focus here only on Montgomery and his testimony.
Montgomery, now an independent consultant, was one of the principals for many years of Charles River Associates (CRA), an economics consultancy that is generally business friendly; he is frequently published in the peer reviewed literature, and has taught at prestigious universities. He and some of his former colleagues at CRA specialize in climate-economy models, and h... Read more