Thursday, July 17, 2008

RISK not Science

Some Political Truths for Deniers, Sceptics and True Believers.

Its not about the science of climate change, I don't think that can never be proved or disproved. Its not about the percentage or volume of carbon emissions that Australia is responsible for or the difference we can make. Its not about whether the Great Barrier Reef lives or dies.

Its about the RISK to your economy when you are:
  • a big exporter of stuff (coal) that your trading partners may not want at some point,
  • one of the most carbon intense economies in the world, and
  • the world is thinking seriously about changing the playing field on you.

Attention Australia:

  • One of your major revenue sources is under threat
  • Your comparative advantage of 'cheap' energy is under threat

In a scenario like this most good CEO's would be acting now don't you think?

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