Thursday, September 24, 2009

Risks Surround Renault's Pricey Electric Dream - WSJ.com
Renault is investing $4 billion in its electric-car program, the auto industry's largest single bet on completely replacing the internal-combustion engine. But, even allowing for the key role of government subsidies and regulation, the economics are anything but compelling.
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Renault is confident that, despite their limited range, its quiet, clean cars will sell millions. But its forecast of 10% penetration of the French car market by 2020 is premised on a government subsidy of €5,000 ($7,400) per electric car, battery prices falling below $15,000, consumer willingness to lease batteries for €100 a month and the appearance of a recharging infrastructure. In the absence of sky-high oil prices, it may yet prove a costly gamble.
Left, Center, and Right Agree: No Stimulus from U.S. Global Warming Plan
So if we can all get behind the notion that cap and trade won’t create jobs, can’t we all just get along and send the idea to the scrap heap? Can’t we?
The World Today - Rudd takes place on world stage 24/09/2009
KEVIN RUDD: What is required globally is the leadership to embrace this truth and to respond to it accordingly because the truth is all our governments need to reach beyond their self interests and instead fashion a grand bargain between the developed and developing countries of the world - a grand bargain on climate change which embraces both historical and future responsibility; a grand bargain which is anchored in the science of climate change and the need to keep temperature rises within two degrees Celsius to avoid catastrophic climate change.
Blowing the dust of wacky Wong stunts | Daily Telegraph Piers Akerman Blog
Essentially, the Rudd/Wong plan would reverse the development of Australia that has taken place since European settlement.

The Rudd/Wong solution is, in short, a joke. Much like the UN itself.

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