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April 09, 2008
Wednesday
 
 
The current economic malaise and the carbon-curbing drive
Johnathan Pearce (London)  Globalization/economics

I have linked to Tim Worstall quite a bit lately and make no excuses for doing so again. He has a good piece about the current economic issues and ponders whether the latest risk factor is that of carbon-reducing measures worsening the economic outlook. It is afactor to consider, for sure. If the EU or other groups of countries slap tariffs on "naughty" carbon emitters, it could have quite a severe impact.

Former UK Chancellor Nigel Lawson has a new book out on global warming issues. For all that he made some errors during his time at 11 Downing Street, his sharp analytical brain is rather more impressive than that of the current office-holder. This looks like a good study of the subject.

Comments

Well... that's what the carbon market is for. Transferring wealth from richer nations to poorer ones, notably ones in the equatorial region.

Good stuff, and I'm all for free markets and free trade and all, but personally? The science is wonky, and this is a problem when people and governments are just gulled into swallowing the whole AGW stuff.


Posted by Gregory at April 9, 2008 10:46 AM

"Well... that's what the carbon market is for. Transferring wealth from richer nations to poorer ones, notably ones in the equatorial region."

As the saying goes "Transferring wealth from the poor in rich countries to the rich in poor countries"

Emissions schemes,an vast renewables projects combined with the credit crunch will be a disaster.


Posted by Ron Brick at April 9, 2008 01:18 PM

his sharp analytical brain is rather more impressive than that of the current office-holder

Poor Lord Lawson to be so cruelly faint-praised!


Posted by guy herbert at April 9, 2008 02:02 PM
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