The Forum > Article Comments > Reflections on climate change, and the quality of Australian economists > Comments
Reflections on climate change, and the quality of Australian economists : Comments
By Saul Eslake, published 7/7/2011Economist, and even Tony Abbott, know that the 'market' isn't necessarily the solution to public policy.
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my basic point is that the growth paradigm is incongruous with any agenda for reducing emissions, therefore the problem can only be dealt with via radical economic reform. This is far more unlikely than an international agreement being set up, nevertheless I don't believe reducing emissions, concomitant with economic growth, is possible, or even tenable. I'd be delighted to see what Mr Eslake or other economists have to say about that.
My other point apropos growth was that even if we adopt an adaptation policy to the AGW already in the pipeline, treating the process underway as already impossible to counteract on a humanly meaningful time-scale, that doesn't address the fact the the problem is dynamic and exponential. So do we adapt to the unavoidable damage done so far, or to the catastrophic damage that will accrue from doing nothing? Adaptation means taking no action relative to an "accumulating" problem, not to a steady state scenario. Adaptation in that case means positive feedback, and not agility. Such a policy is unhinged and can only be rationalised by subjective and irrational denialism of best-practice scientific analyses.
I'm not confusing anything; it's academic to my perspective, but an international accord will probably, and belatedly, be arrived at, using trade embargos etc. to pressure recalcitrant states.
What I "think should happen"--economic reform that inaugurated economic contraction--is what nobody is talking about.
Your adaptation idea looks delusionary to me in the circumstances, while taking the sort of market oriented approach the major powers look bent on can only be rationalised as incorporating an overall collapse scenario and a technological "Ark".