Tuesday, 22 December 2009
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Climate Summit: Good for the Earth, and Business
Our friend fxhusar@xanga posts about foreign exchange issues on his blog and website, fxmadness.com.
Some encouraging news is coming from the climate summit in Copenhagen. After days of bickering and accusations, most of the countries present seem to be on the brink of striking some kind of agreement. Apparently the United States is prepared to work with other countries toward a goal of jointly mobilizing $100 billion a year by 2020 to address the climate change needs of developing countries.
Agreement on a climate fund could add political drive to the U.N. talks which meant to settle a host of other measures on Friday, from saving rain forests to boosting carbon markets and stiffening global carbon emissions cuts. Whatever comes out of it, I hope it will have more binding power than the previous Kyoto accord.
No matter the costs associated with the implementation of new resolutions, in the long run they should be worth it—and not only in terms of arresting the problems of greenhouse gas emission. I believe this would be beneficial from a business standpoint as well. New technologies and processes will have to be invented and implemented, creating plenty of employment and financial opportunities. Sure, all of this would be expensive, but if we can afford to bail out fat-cat bankers—and other questionable expenditures like that—this should be a no-brainer. The biggest problem would be making sure that everybody is actually doing whatever the final agreement calls for.
Read the full article here.
Are you satisfied with the climate summit's progress? How do you think reducing greenhouse gasses will affect the global economy?
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About the Author
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- From: FXhusar@xanga
- Name: Mike
- About Me: Single, working in financial industry, interested in history, travel, FUN,
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Comments (8)
"The disinterested search for truth — the hallmark of real science — has
taken a back seat to a political crusade." Dr. Thomas Sowell
That's what The First Church of Global Warming is, a political crusade, because science, true science that asks for proofs and recognition of all data, has been repressed.
Global Warming is a religion. Did you notice the blizzards? How warm is that? Some places are warmer, but other places are colder. No one ever mentions them. AVERAGE temperatures change little. It has been both much warmer and much cooler than this in pre-industrial times.
Of course this is good for "business"
Global warming in the sense that the politicians speak of it, is complete BS. It's not about science. It's about money.
I think imposing carbon credits, Cap and Tax *cough* I mean Cap and Trade, etc. will hurt the economy and do absolutely nothing to better the environment.
Mankind flatters itself in its belief that mankind alone has caused all this. It hasn't. In the history of the earth, it has been both warmer and colder than it is now... without any help from humans.
Want to know the real reason the global warming myth exists? Follow the money.
Refreshing to see the other commenters are with me here.
Global warming is junk science used to promote a political agenda.
@snowandstarstone@xanga - If I could rec comments, I would totally rec this one.
The comments on this post are why I have lost faith in America and have no intentions of raising children here. America is, far and away, the most ignorant nation on the planet. I quite honestly want everyone I love to leave and then watch this place crumble under the weight of petty political bickering. Do any of you morons think that money does not drive the other side of this argument. You don't think Shell and Exxon do not have money in mind? This imbecile on top quotes one scientist and here you go it must be the truth. Are you that pathetically naive? America is a lost cause and it has nothing to do with Barack Obama. America's chickens are, indeed, coming home to roost. Thank God.
One could argue that these measures will be good for the environment (I doubt they'll do much), but they will NOT be good for the economy. Policies which are enacted in order to prevent the climate from changing (that even sounds ridiculous), hurt the poorest the worst. It is elitest politicians who assume the average American can afford wind and solar power, that their larger vehicle isn't required for work or work at home and that a hybrid is within their budget, that they can afford carbon credits (which are complete bullshit. The biggest carbon credit company is owned by Al Gore), or that they can afford the immense taxes that will be put in place. All of those middle class factory workers, coal miners, truck drivers, etc. all have jobs some politicians believe don't need to exist or are making society worse off. Do you think the average coal miner has the resources or time to go back to school for "green engineering"?
There is NOTHING wrong with taking actions which will better the environment. Hell, my parents are using geothermal heat in their next house and are planting trees all over the property, but we can also afford to do that. I've donated money to organizations that help the NPS. Forcing others to is ridiculous and so far from the principles this country was founded on.
"If we’re compassionate, we’ll help them, but you get no moral credit for forcing other people to do what you think is right. There is great joy in helping people, but no joy in doing it at gunpoint."-Penn Jillette
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Lucy
http://businesseshome.net