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JumpCrisscross 14 hours ago

> do you understand my point about estimating inflation being a lot more random than other metrics?

Yes. I’d argue inflation metrics are about as easy to fuck with as any emissions math I’ve seen. That doesn’t make either fundamentally wrong. But if one is irredeemably wrong, so is the other.

(In any case, you can deflate your own GDP. Nominal GDP contains zero deflation. There is no similar easy fix for emissions calculations, which I read with much wider error bars than any OECD inflation print.)

> Which I'm sure is important for economists doing economy stuff

Not the billions of people employed in services?

> indicators like gross tonnage have been slowing down, and that is correlated with the evolution of fossil fuels

Global gross tonnage is growing [1]. On the sea, your correlation works because that fleet runs on fossil fuels. If you were trying to measure Chinese economic activity using fossil-fuel metrics, on the other hand, you’d fail.

(Again, your instinct isn’t wrong. Energy is, more or less, the economy. That’s why we can decarbonise without lowering living standards. We can keep energy constant or even growing while reducing fossil-fuel use.)

[1] https://unctadstat.unctad.org/insights/theme/107

palata 8 hours ago | parent [-]

> Global gross tonnage is growing [1]

In Europe?