Krugman weighs in: Time to get optimistic on Greenhouse?
Posted by Nicholas Gruen on Saturday, May 16, 2009
I was struck by Krugman’s column on greenhouse. I’ve been working myself up into a lather of pessimism on greenhouse. Not only is this a really really hard problem to solve, but the way we’re going about solving it is just so awful from so many perspectives, it’s hard to innumerate all the problems. But the central problem, it seems to me, is that we’re developing massively dysfunctional international institutions to deal with the problem. Start by giving all signatories to the UNFCCC equal votes in determining UNFCCC ‘policy’ or resolutions and then exempt all but a small few from binding commitments.
What do you think might happen? Well the unbound will call for stronger commitments from the bound. And so it’s been going on – for twenty years now. The developing countries have remained intransigent, and the greenies are so wedded to the politics of victimhood that this is a truth that dare not speak it’s name. It’s always about ‘us’ – the developed countries.
Meanwhile the developed countries like to talk tough, but there’s plenty of evidence that the kind of long range targets to which they’re committing themselves are the same kinds of targets to which countries have routinely committed themselves – only to completely ignore them – like the Brandt Commission targets on aid, or dare I say it the latest round of commitments in which we all have rock concerts designed to make poverty history.
Meanwhile in Australia we have locked ourselves into the follies of trying to compensate industries for their emissions of carbon . . . Now if you know anything about economics you know that this undermines the whole point of an ETS. (Continued)
Many years ago, as we were looking at a scrum in a rugby game being played in Towoomba of all places, a friend of mine commented that it looked like the quintessentially British institution!
Grollo’s Amazing Melbourne Tower was lambasted by the soft left as phallic. Perhaps it was. Perhaps it’s because I’m a boy, but I just lerve things that are so big it makes me go ‘Wow!’. (Unless they’re unusually ugly, which they usually aren’t). 

