Monday, October 30, 2006

To the Scorching Bitter End


Nobody could ever accuse John Howard of going with the prevailing winds. Of course I could say the same for the fire hydrant in front of my house.

The Aussie PM is digging in his anti-Kyoto heels in the face of the release of the Stern report on global warming. Howard steadfastly refuses to sign any agreement that doesn't include China and India and he insists that coal will remain the primary source of energy into 2050.

Howard's approach isn't unexpected even though Sir Nicholas Stern's findings point to Australia as being likely to be hardest hit by global climate change. This excerpt from the paper, The Australian:

"In a pointed reference to Australia, the report by former British Treasury head and World Bank chief economist Nicholas Stern warns that if global temperatures rise by an average of four degrees, large swaths of Australia's farming land would be rendered unproductive.

"While grim in its outlook if nothing is done, the report is optimistic that a concerted effort to develop clean coal technologies will be able to stabilise world greenhouse gas emissions.

"Described by British Prime Minister Tony Blair as the most important report he has ever received, the document says the economic impact of global warming must begin to be addressed immediately to avoid world economic catastrophe.

"Sir Nicholas estimates acting now to cut carbon emissions would cost 1 per cent of global GDP a year, about $500 million. By doing nothing, the costs at the time would be a minimum of 5 per cent and as high as 20 per cent of GDP a year.

"Australian estimates of such an impact on the energy-based economy are between $15 billion and $66 billion a year, driving down Australian wages by 20 per cent."

John Howard's head in the sand approach illustrates the Kyoto conundrum. Countries like the U.S. use the excuse (and it is nothing more than a cheap excuse) that there is no point signing on to the Kyoto protocols unless the emerging giants, India and China, do likewise. India and China, meanwhile, question why they should hop aboard until the wealthy and filthy lead the way.

We can only hope that the Stern report and a new Congress will be enough to get Washington to move on global warming and bring the rest of the gang, Ottawa included, along with them.

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