An extremely strange argument from Nick Cohen

I both know and like Nick Cohen but it's also necessary to call out this extremely strange argument he made in The Observer. He seems to think that "climate change deniers" have won the war and that therefore all is doomed. When, actually, here in the UK at least, the government has already put in place the mainstream scientific remedy for the perils of climate change. We've actually already solved the problem:

If global warming is not new, it is urgent: a subject that should never be far from our thoughts. Yet within 24 hours of the American association's warning the British government's budget confirmed that it no longer wanted to fight it. David Cameron, who once promised that if you voted blue you would go green, now appoints Owen Paterson, a man who is not just ignorant of environmental science but proud of his ignorance, as his environment secretary. George Osborne, who once promised that his Treasury would be "at the heart of this historic fight against climate change", now gives billions in tax concessions to the oil and gas industry, cuts the funds for onshore wind farms and strips the Green Investment Bank of the ability to borrow and lend All of which is a long way of saying that the global warming deniers have won. And please, can I have no emails from bed-wetting kidults blubbing that you can't call us "global warming deniers " because "denier" makes us sound like "Holocaust deniers", and that means you are comparing us to Nazis? The evidence for man-made global warming is as final as the evidence of Auschwitz. No other word will do.

To take my standard position here: let's assume that the IPCC is correct and see where that assumption takes us. That assumption takes us to the standard economics of how to deal with an externality. Some version of either cap and trade or a Pigou Tax will solve the entire problem for us. And we even have things like the Stern Review (or, giving us slightly different numbers for a variety of reasons, the work of Richard Tol and William Nordhaus) telling us how much that carbon tax should be: $80 per tonne CO2-e.

So, if the climate change deniers, whoever they are, have won we should see that there's no cap and trade program and no carbon tax. But if we look up at the world that we actually inhabit, what is it that we do see? We see that the EU has a cap and trade programme. Emissions are limited, exactly as the standard economics of the problem tell us they should be. Here in the UK we also have a carbon tax: in power generation it's been done in the rather silly manner of a floor to the price for a carbon emissions permit but while this is inefficient it does do the job. We have raised taxes on petrol (the fuel duty escalator) by twice what that Stern calculation would tell us we ought to. We have Air Passenger Duty which is again above that Stern calculation. In fact, when you add up all of the various green taxes we already pay on emissions we find that we're considerably over the amount that Stern said would be the optimal Pigou Tax to solve the problem.

No, really: I get some very odd looks when I try to explain this to people but it is actually true. If we accept the IPCC, then again accept the Stern Review, we have already put in place all of the policies necessary to solve climate change as a problem according to both the IPCC and the Stern Review findings.

And I simply cannot work out at all how this is supposed to be a victory for climate change deniers.