Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.
A little climate contingency planning
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The Australian Government is going charging off down the path of global warming righteousness as Kevin Rudd sets out to honour the promises he made during his successful election campaign to take global warming seriously. That was to be expected — ratifying the Kyoto protocol so our country can play a major role in the next round of international talks on climate policy was one of the key differences between Labor and the Coalition. As the new Prime Minister gathers together his briefing papers before flying off to Bali it would be reassuring to a non-specialist like me if included in them was a copy of a speech delivered in Sydney on the Monday after his election win by former British Chancellor of the Exchequer Lord Nigel Lawson.
Lord Lawson took as his theme that it is responsible politicians who, having listened to the opinions of the scientists about climate change, have to reach the best decisions they can in the light of the expert evidence available to them. “More important still,” he told his audience at the Institute of Public Affairs, “the science is only part of the story. Even if the climate scientists can tell us what is happening and why—not that they all agree about this, anyway— they cannot tell us what governments should be doing about it. For that we also need an understanding of the economics, of what is the most cost-effective way of tackling any problem that may arise. And we also need an understanding of the politics: of what measures are politically realistic, a particularly tricky matter given the inescapably global nature of the issue.” No doubt this is an unfashionable note of realism for many people but central to the proposition put by Lord Lawson is the “grudging and inadequate treatment of adaptation” by the Intergovernmental Panel on Climate Change (or IPCC). He argues:
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6 Comments
Mr McGuire, don’t you get it? The hype is political, not scientific. It’s stirred to suit political agendas & turned down when job is done. In this case, getting Rudd elected is done so now they can hose down your expectations. At least Howard was honest!
Typical of left to re-write history to suit Rudd even before all seats are counted. So now there won’t be a world saving treaty in Bali, Kevin can’t save the world or change the climate & we have to face economic realities. Sounds like Howard’s position!
You don’t mess with the Earth’s atmosphere Tony. It should be a no brainer.
Question: How can seemingly normal, intelligent humans be so keen to adhere to nonsense? It is a no brainer for anyone with a little scientific knowledge of how the planet moves. Who messed with atmosphere before humans arrived?
Rather than “charging off down the path of global warming righteousness,” Australia is merely catching up. Richard Farmer should forget Nigel Lawson, and consider the price of procrastination that was set out clearly in the Stern Report.
Nigel Lawson is a well-known sceptic brough to Australia by the uber-sceptics at the IPA (as a think tank full of sceptics I think of it as a “sceptic tank”).
Why not report the views of the person who made Lawson Chancellor - Mrs Thatcher?