Now the Stern report is coming under fire....
The whole global warming edifice is falling....
LORD STERN’S report on climate change, which underpins government policy, has come under fire from a disaster analyst who says the research he contributed was misused.
Robert Muir-Wood, head of research at Risk Management Solutions, a US-based consultancy, said the Stern report misquoted his work to suggest a firm link between global warming and the frequency and severity of disasters such as floods and hurricanes.
The Stern report, citing Muir-Wood, said: “New analysis based on insurance industry data has shown that weather-related catastrophe losses have increased by 2% each year since the 1970s over and above changes in wealth, inflation and population growth/movement.
“If this trend continued or intensified with rising global temperatures, losses from extreme weather could reach 0.5%-1% of world GDP by the middle of the century.”
Muir-Wood said his research showed no such thing and accused Stern of “going far beyond what was an acceptable extrapolation of the evidence”.