Monday, August 04, 2008

Global warming - myth, threat or opportunity

Global warming - myth, threat or opportunity (ScienceAlert)
Obsessing over distant uncertain risks, while ignoring immediate consequences, is poor precaution. For Australia, drastic cuts in carbon emissions to prevent global-warming is to climate what anorexia is to obesity.

The proposed carbon taxes will achieve only a vast new windfall for government, large cost/price increases and economic recession with little or no actual reduction in emissions beyond what is effected by economic decline. Emission trading is set to become a huge new non-productive industry of wealth redistribution with a negative net outcome.

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