Monday, July 11, 2011

Questionable Economic Models Driving Policy

Tom Rand wrote in the Globe & Mail today that the climate-policy debate is using an economic model, DICE, that mistakenly views climate change as a slowly accelerating process rather than a non-linear model that recognizes the impact of sudden catastrophic changes in climate already happening (as explained in the Stern Review).  As such, we're doing precious little - pretty much ignoring the risks to our livelihood.

In Australia, on the other hand, the PM, Julia Gillard, is making industry pay $23 a tonne for carbon emissions which is expected to lead to reductions in emissions on par with taking 45 million cars off the road.  The article also notes that "Ms. Gillard's government is the most unpopular in 40 years."

This is exactly what we need: elected officials who aren't afraid to be hated in their quest to do what's right for their country and the world.

Here's more from Rand:

That's it!

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