Good sense into the climate change debate

This is a document that inspired me so much that my announced blogging pause will have to do away for now. At an international think tank forum in Atlanta, USA, this week-end, I grabbed a few publications on display for visitors, and must say I was gripped by one in particular: the Civil Society Report on Climate Change, published in November 2007 (I am posting this in my “Always late in my readings category ;-))by a coalition of 41 international free market and free society think tanks. Finally, some reason into the climate change debate! Neither denial of the fact of climate change nor Al Gore style alarmism and new-wave Bali five-star hotel bigotry.

What it says is basically the following: Kyoto-type protocols are not going to solve the problem. Imposing emission targets, as the current protocol does, will cost too much and contribute to impoverishing the world. At the same time, given the projected changes in temperatures, the targets imposed by Kyoto are largely insufficient.

Blogging pause

A set of circumstances leads me to not being able to blog regularly in the coming months. Hope to be back again as soon as I can…..

An apocalyptic end to the Greenspan era. On bailing out, regulating, or simply stopping taking risks

 

The Credit Crunch has reached unprecedented proportions, not least with the last bail-out of Bear Stearns. More losses are announced. When’s the next bail-out?

Until recently hailed the big guru of the financial world, former Fed chief Alan Greenspan, is now seen as at least partly responsible. He is also the author of a book I haven’t yet come round to read with a telling title: “The Age of Turbulence” (here a few comments on it). In the meantime the cacophonia on “what to do now” has started…..

Even “The Unthinkable” is being thought about, so we are told.