My blog has moved! Redirecting...

You should be automatically redirected. If not, visit http://www.australianclimatemadness.com/ and update your bookmarks.

Australian Climate Madness

Monday, November 24, 2008

Climate sense - Bjørn Lomborg in The Australian

Bjørn Lomborg skillfully skewers the dumb argument that a "green economy" is the panacea for the world's ills:
Many green pundits have, however, started saying that the financial crisis only makes the need for action on climate change greater. They urge US president-elect Barack Obama to pursue a "green revolution" with big investments in renewable energy, arguing that this could create millions of new "green collar" jobs and open huge new markets.

Unsurprisingly, such sentiments are strongly voiced by business leaders who live off such subsidies. But are such pleas smart investments for society?

The problem with the green revolution argument is that it doesn't trouble itself about efficiency. It is most often lauded for supplying new jobs. But billions of dollars in tax subsidies would create plenty of new jobs in almost any sector: the point is that many less capital-intensive sectors would create many more jobs for a given investment of taxpayers' money.
...
President-elect Obama is now facing countless people who claim that subsidies for renewable energy and CO2 taxes are great ways to tackle global warming and forge a new green economy. Unfortunately, this is almost entirely incorrect. Taxes and subsidies are always expensive, and will likely impede growth. Moreover, if we really want to tackle global warming, we shouldn't spend vast sums of money buying inefficient green technology. We should invest directly in R&D to make future green technology competitive.

Read it all here.

0 Comments:

Post a Comment

Comments are moderated and may take some time to appear on the blog. Publication of a comment does not indicate endorsement or approval by Australian Climate Madness.

Please note that this blog is a humorous and satirical look at climate change propaganda in Australia and around the world. Please comment accordingly! Thanks.



Links to this post:

Create a Link

<< Home