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SUMMARY:St Catharine's Political Economy Seminar Series - Terry Barker  'T
 he institutional capture of IPCC economics by neoclassical ideology' - Ter
 ry Barker 
DTSTART:20200212T180000Z
DTEND:20200212T193000Z
UID:TALK135325@talks.cam.ac.uk
CONTACT:Philippa Millerchip
DESCRIPTION:*Date:* Wednesday 12 February 2020\n*Time:* 18:00 -19:30\n*Spe
 aker:*  Terry Barker \n*Talk Title:*'The institutional capture of IPCC eco
 nomics by neoclassical ideology'\n*Location:* Ramsden Room\, St Catharine'
 s College\n\n*Speaker:*\nTerry Barker was a Coordinating Lead Author in th
 e IPCC reports AR3 and AR4\, 1996-2006\, writing the chapters for sectoral
  mitigation. He was also a member of the team preparing the Synthesis Repo
 rt for AR3\, covering climate science\, adaptation and mitigation. He led 
 the writing group of scientists answering the question: "What are the most
  robust findings and key uncertainties ... regarding model projections of 
 ... \ncosts and benefits of mitigation and adaptation options?" He is the 
 Founder and Director of the Cambridge Centre for Climate Change Mitigation
  Research (4CMR) in Land Economy. He is now a Senior Departmental Fellow i
 n Cambridge and holds an Honorary Chair in The School of Environmental Sci
 ences\, University of East Anglia. He is also Founder and Director of Camb
 ridge Econometrics Ltd. He has written extensively on Post Keynesian econo
 mics and climate change mitigation policies for the UK\, the EU\, and at t
 he global scale.\n\n*Talk Overview:*\nThe Assessment Reports (AR) of the I
 ntergovernmental Panel on Climate Change (IPCC) bring together scientists 
 from across disciplines to assess the literature on climate change\, adapt
 ation and mitigation. \nMost of the reports are reviews of the literature\
 , which Terry Barker will not discuss\, but the IPCC authors also instigat
 e substantial interdisciplinary exercises with climate and energy-economy 
 models to make and report projections involving the policies and their eco
 nomic costs required to achieve climate stabilisation. Terry Barker assert
 s that the economics behind the  projections in AR5\, Mitigation of Climat
 e Change\, 2014\, appear scientific but are the outcome of ideological ass
 umptions about the economy\, typically based only on one year's data. \nTh
 e economic models used all involve General Equilibrium. Many are based on 
 the premise that the global economy is in long-term optimal equilibrium\, 
 such that any deviation from that equilibrium\, e.g. in the form of regula
 tions and/or carbon taxes\, will ipso facto lead to economic costs. Terry 
 Barker will assess this and other aspects of this approach and the implica
 tions for the costs of radical cuts in emissions.\n\nFor other Seminars se
 e: https://www.politicaleconomy.group.cam.ac.uk\n\nPlease contact the semi
 nar organisers Philip Arestis (pa267@cam.ac.uk) and Michael Kitson m.kitso
 n@jbs.cam.ac.uk) in the event of a query.
LOCATION:The Ramsden Room\, St Catharine's College
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