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Originally Posted by Arragonis
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That's because the costs of climate change are not being considered.
It's worth pointing out that the German economy, with a substantial fraction of energy from renewables, is strong in comparison with the other Euro states.
If business is avoiding Europe because of a price on emitting ghg (and that is not the only factor that determines where business locates) that is a "Tragedy of the Commons" problem, with other states that have not yet priced emissions along for a free ride. It's not an argument against pricing emissions.
Quote:
Originally Posted by Arragonis
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It's a non issue because even after the "tax" was introduced (at $25/ton of CO2 equivalent) the Australian economy has still outperformed virtually all other OECD economies.
I doubt that very many people voted for the new government solely because of a promise to remove a price on emitting CO2.
Flannery's position may or may not have provided value, but he is misquoted by omission in that article (the quote has been echoed pretty widely over time).
The bit missing, and I'm paraphrasing because I can't be bothered digging up the direct quote, was along the lines of: "
If this trend continues, desalination plants will be required." That's a simple statement of fact and a long way from the prediction it is being made out to be.
One of the predicted outcomes of global warming is greater extremes in weather. Both floods and droughts will be worse and that is what is occurring.