A Stern Warning
Oct 29th, 2006 at 8:54 pm by Susie
Maybe with a Democratic Congress, we can address problems like this with something other than one of Bubble Boy’s half-assed snickers:
The Stern Review says that climate change represents the greatest and widest-ranging market failure ever seen. And on the basis of this intellectually rigorous and thorough report, it is hard to disagree.
Sir Nicholas Stern, a distinguished development economist and former chief economist at the World Bank, is not a man given to hyperbole.
Yet he says “our actions over the coming few decades could create risks of major disruption to economic and social activity, later in this century and in the next, on a scale similar to those associated with the great wars and the economic depression of the first half of the 20th Century”.
His report gives prescriptions for how to minimise this economic and social disruption.
His central argument is that spending large sums of money now on measures to reduce carbon emissions will bring dividends on a colossal scale. It would be wholly irrational, therefore, not to spend this money.
However, he warns that we are too late to prevent any deleterious consequences from climate change.
IF the Democratic Party obtains to such a high majority in both the House and Senate that their legislation is veto proof,
THEN we may see some action in this direction.
Otherwise, we will see two absolutely critical years wasted in bickering between the GOP Thugs Party, and the Democratic Wish We Could Party.
Both political parties run a 100% risk of making themselves wholly irrelevant to the challenges facing this nation.
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If it’s “too late to prevent any deleterious
consequences from climate change,” then why
bother?
I say bring on The Rapture.