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Weather change and its consequences are inevitable. Governments and rating agencies around the world have tools to “motivate” short-term-focused insurers to broaden their risk perspectives, with their executives facing personal liabilities if their coverage reserves fall short. Without more aggressive moves, the rest of the world could end up like Grenada and Jamaica, circa 2004.
‘A prolonged and solemn farce,” Churchill’s description of 1930s disarmament talks, applies even more accurately to the annual round of UN climate talks, which just wrapped up their 17th year of world-saving negotiations in Durban, South Africa, with another 11th-hour “breakthrough” that amounts only to agreeing to meet again next year and repeat the farce.
The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. This tax would be calculated not only based on mileage flown in EU airspace but also for the entire length of the flight (thus, Chinese and Japanese airlines would be taxed for an entire journey from Beijing or Tokyo).
Green jobs, like shovel-ready jobs, proved a myth in no small part because Obama is eager to talk as if this green stuff was the moral equivalent of war, but he's not willing or able to do things a real war requires.
The U.S. Supreme Court recently rebuffed environmentalists in their bid to get the judiciary to intervene in the global-warming controversy by invoking the old common law of nuisance, as though global warming could be solved through an injunction.
Some people dispute that science fiction predicts reality. Those people should be referred to the recent changes in the debate over climate change.
Far from damaging brains and killing seals, applying basic economics to the environment preserves it.









