the end of the platinum age?
May 6th 2008 07:19
It seems the job of following Climate Change issues is becoming a doom and gloom reporter.
Ross Garnaut, the man commissioned by the government to provide advice on the design of Australia's emissions trading system, has released a paper in the Australian National University's biannual Asian-Pacific Economic Literature stating that failure to act on Climate Change, OR a poor policy response will result in an economic disaster equivalent to the great depression. Yes that's pretty depressing people. Especially considering Garnaut has no time for offsets. In my humble opinion a credible offset system revolving around renewable energy creation is essential for Australia and the world to fight Climate Change, as it provides the financial rewards needed for the renewable energy technologies to flourish and develop enough to achieve grid parity pricing. (It is worth noting a feed in tariff would be just as good)
Before you despair people bear n mind the Government looks to be very supportive of the renewable energy industry, I am sure they will continue that support.
Here is an extract form the SMH article on his paper and the link
Ross Garnaut, the man commissioned by the government to provide advice on the design of Australia's emissions trading system, has released a paper in the Australian National University's biannual Asian-Pacific Economic Literature stating that failure to act on Climate Change, OR a poor policy response will result in an economic disaster equivalent to the great depression. Yes that's pretty depressing people. Especially considering Garnaut has no time for offsets. In my humble opinion a credible offset system revolving around renewable energy creation is essential for Australia and the world to fight Climate Change, as it provides the financial rewards needed for the renewable energy technologies to flourish and develop enough to achieve grid parity pricing. (It is worth noting a feed in tariff would be just as good)
Before you despair people bear n mind the Government looks to be very supportive of the renewable energy industry, I am sure they will continue that support.
Here is an extract form the SMH article on his paper and the link
The economist's article, published in the Australian National University's biannual Asian-Pacific Economic Literature, says the shock of unexpectedly large climate change impacts on fragile political systems could bring about sharp downturns in economies.
The effects of the 1890s depression in eastern Australia, the global Great Depression of the 1930s and the financial crisis in Indonesia in 1997 were examples of what could happen if climate change impacts hit hard, he said.
"The Platinum Age could be disrupted also by poorly thought out approaches to climate change mitigation," Prof Garnaut says.
"The costs of climate change mitigation in practice would ... depend on the nature of the policies applied to it and the manner of their implementation."
He said costs would be minimised within steady policies that, over long periods, provided incentives that placed the full external costs and benefits of their decisions with private citizens or businesses.
Such policy approaches would allow private decisions to shape the processes of change efficiently within market contexts, Prof Garnaut said.The economist's article, published in the Australian National University's biannual Asian-Pacific Economic Literature, says the shock of unexpectedly large climate change impacts on fragile political systems could bring about sharp downturns in economies.
The effects of the 1890s depression in eastern Australia, the global Great Depression of the 1930s and the financial crisis in Indonesia in 1997 were examples of what could happen if climate change impacts hit hard, he said.
"The Platinum Age could be disrupted also by poorly thought out approaches to climate change mitigation," Prof Garnaut says.
"The costs of climate change mitigation in practice would ... depend on the nature of the policies applied to it and the manner of their implementation."
He said costs would be minimised within steady policies that, over long periods, provided incentives that placed the full external costs and benefits of their decisions with private citizens or businesses.
Such policy approaches would allow private decisions to shape the processes of change efficiently within market contexts, Prof Garnaut said.
The effects of the 1890s depression in eastern Australia, the global Great Depression of the 1930s and the financial crisis in Indonesia in 1997 were examples of what could happen if climate change impacts hit hard, he said.
"The Platinum Age could be disrupted also by poorly thought out approaches to climate change mitigation," Prof Garnaut says.
"The costs of climate change mitigation in practice would ... depend on the nature of the policies applied to it and the manner of their implementation."
He said costs would be minimised within steady policies that, over long periods, provided incentives that placed the full external costs and benefits of their decisions with private citizens or businesses.
Such policy approaches would allow private decisions to shape the processes of change efficiently within market contexts, Prof Garnaut said.The economist's article, published in the Australian National University's biannual Asian-Pacific Economic Literature, says the shock of unexpectedly large climate change impacts on fragile political systems could bring about sharp downturns in economies.
The effects of the 1890s depression in eastern Australia, the global Great Depression of the 1930s and the financial crisis in Indonesia in 1997 were examples of what could happen if climate change impacts hit hard, he said.
"The Platinum Age could be disrupted also by poorly thought out approaches to climate change mitigation," Prof Garnaut says.
"The costs of climate change mitigation in practice would ... depend on the nature of the policies applied to it and the manner of their implementation."
He said costs would be minimised within steady policies that, over long periods, provided incentives that placed the full external costs and benefits of their decisions with private citizens or businesses.
Such policy approaches would allow private decisions to shape the processes of change efficiently within market contexts, Prof Garnaut said.
photo courtesy of www.morguefile.com thanks
| 97 |
| Vote |
subscribe to this blog
Comment by Lilla
From The Home Front
Enviro Warrior
Dream Herald
Esoteric Bookshop
I really get angry with journalists who muddy the waters by intellectualising and politicising the general populace away fromt he simple truths of climate change, like this article in the SMH does... quite frankly it turns people off and away from thinking they can have any impact at all and that - as you know - is really dangerous, because every single person counts in this war!
All those words will mean nothing if there is no food to eat and water to drink.
Lilla ...
Comment by Louie
Climate Red
randomthoughts
Phil's Wellness Tips