Monday, October 30, 2006

Stern

So the Stern report is almost done. Interesting to see if anything changes from this one. Howard Stern is a King Poobah economist. In essence, his report looks at whether it is *economically* viable to reduce global atmospheric pollution. The answer (will be) a resounding yes if the journalists who have seen the summarised pre-release are correct. In short it would cost 1% GDP of he UK to stop a catastrophic change equivalent to a great depression, or a world war. This is suggested to be equivalent to a drop in GDP of over 20%.

So what do you think will happen? posturing and waffle? or some actual action ?
The Government have appointed Al Gore, hot on the heals of An inconvenient Truth, as an advisor. Difficult to draw conclusions here, as Ol' Al may well be posturing to further a future political stand, and Gordon Brown may well be doing the same...

Time will tell. But it must be noted time cannot be turned back. Choices taken now will affect the future, our children and the life sustaining properties of this planet.

Time to think carefully then.

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