The Forum > Article Comments > Ducking and weaving on climate change > Comments
Ducking and weaving on climate change : Comments
By Andrew Macintosh, published 16/2/2007If you were wondering where the greenhouse debate is headed, the best guide lies in the events of the past.
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As for alternative employment: jobs depend on investment, and in Australia much of that investment is from overseas. Investors look for the highest risk-adjusted returns they can get. Few opportunities in Australia which are not currently viable would be made viable by measures which put up energy costs, even with former energy and process workers thrown on the market and a much lower-valued dollar (with consequential high inflation and higher interest rates).
No matter how convinced anyone is that AGW will bring drastic consequences, policies to deal with it must be based on reality. For the record, I’ve been arguing since I first became well-informed on greenhouse issues, around 1989-90, that if we wanted support for anti-warming measures, we should concentrate on the most cost-effective measures, maximising the benefits and minimising the cost; and in my own life I seek to conserve energy with measures such as a modest-sized well-insulated house, a low-consumption car and walking a lot. Currently many anti-warming activists are demanding very costly measures – far worse than a major depression – with little evidence as to the benefits, if any.