Friday, 30 November 2007

Independence needed for emissions trading

Professor Ross Garnaut, Australian State and Territory equivalent to Sir Nicholas Stern, made some interesting points, referenced in this Sydney Morning Herald report. One in particular caught my eye.
[H]e dismissed the suggestion that Australia should slow its rate of economic growth to immediately reduce emissions.

"When you have lower economic growth you start to get a lot of pressure to get economic activity going at any cost. I think it would be more difficult [to reduce emissions] in that situation than the current one," he said.

It would be better to use Australia's wealth to break the link between economic growth and greenhouse gas emissions.
Nuclear Power is one currently available means to help sever the aforementioned link. It's certainly a major player in several significant, green economies around the world.

In the report Professor Garnaut stresses the importance of keeping any carbon/emissions trading body protected from political pressure. A big ask from my perspective but a MUST nonetheless.

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