Climate change presents a new kind of challenge. It is uncertain in its form and extent, rather than drawn in clear lines. It is insidious, rather than directly confrontational. It is long term, rather than immediate in both its impacts and its remedies. Remedies will require global co-operation of unprecedented complexity and dimension. We have much to contribute and much to lose as we face the diabolical policy challenge of climate change. (Professor Ross Garnaut)
Perhaps the principal conclusion to be drawn from today's policy challenges is that it would have been better to avoid the build-up of credit excesses in the first place. (Bank of International Settlements)
You can do two things with land in the grain belt. You can work it and try and make it work for you or, rather, your bank balance. Or you can give it a break, let the place go back to grass, put livestock on it, and forget about the bank balance. Few families have the luxury of that choice.
Back in February, I wrote that "oil prices will continue to rise until they have suppressed demand back to match supply", and forecast a headline barrel price of $120 in June and $145 at year end. Now it's June and $139.69, what's next?
The real threats to international peace and security are no longer confined to violations of state sovereignty for which the UN collective security system was created. Rather, genocide, massive violations of human rights, terrorism, and weapons of mass destruction (WMD) represent immediate international security threats that are beyond the scope of any one state to solve.
The role of governments in the regulation of all manner of safety standards has generally been accepted for many years. The purpose of any government regulation (and aviation regulation is no exception) is to guard against actions which are potentially detrimental to society. Enforcement of the regulations becomes necessary when regulations are not being adhered to and society suffers as a result.
This of course blows a hole in another ancient Bush fallacy, the one in which former Defense secretary Donald Rumsfeld said "the oil wells belong to the Iraqi people" and former secretary of State Colin Powell seconded him by saying Iraqi oil "will be held in trust for the Iraqi people."
Whilst there is now plenty of discussion about the responses that governments should be making to address the predicted consequences of climate change, the focus seems to have been largely on the economic, trade and security issues. The social and human rights implications rarely rate a mention. (The Hon. John von Doussa)
The Stockholm Network’s Carbon Scenarios describe 3 plausible futures resulting from 3 different approaches to climate policy at the international level. Worryingly, none of the scenarios provides a policy which achieves climate ‘success’ as defined by the UK, EU and UN (a greater than 90% chance of no more than 2°C warming above preindustrial levels).
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