Monday, February 02, 2009

Why is there no mention of climate change in this article?
Iran, North Korea and Al Qaeda are still top concerns for the intelligence community, but Iraq is out of the top 10 list of national security threats facing the U.S. this year, says the outgoing CIA chief.
Environmental Capital - WSJ.com : Green Dreams: Australia's and California's Rosy Climate Visions Come Under Attack
Australia’s outlook—like California’s—seems to suffer from the perils of economic modeling on computers; the conclusions are only as good as the assumptions the model rests on.

Economic models tend to overlook real-world realities, the study found—like the fact that big capital investments in the power sector don’t disappear overnight, making a “seamless” transition from a high-carbon energy mix to a low-carbon mix more difficult in the real world than on paper.
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The bottom line, these studies say, is that regardless of what governments are saying, reducing economy-wide carbon emissions will almost certainly not be quick, cheap, or easy. Which makes an honest tallying of the costs and benefits all the more necessary to make climate policy work.

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