Paradox:
Quote:
imp wrote:
I just willingingly accept the increase in uncertainty because "hedging" the environmental uncertainty with CO2 mitigation is not worth the cost.
Imp,
We must do something. What do you propose.
|
But I disagree with your premise. We don't have to do anything. The closer an economy is to capitalism (i.e. LESS government intervention) the more dynamic and flexible it is, and the easier it is able to adapt to change. My solution is to increase globalization and to increase capitalism throughout the world. Whatever global warming has in store for us, a free market is the best market to see that the required adaptations happen quickly and relatively pain-free.
The IPCC has actually stated that it will be the dynamic economies, such as those in the developed world, that will find the transition easiest, and may even see teir GDP go up as a result.