"System change is now inevitable. Either because we do something about it, or because we will be hit by climate change. '...

"We need to develop economic models that are fit for purpose. The current economic frameworks, the ones that dominate our governments, these frameworks... the current economic frameworks, the neoclassical, the market frameworks, can deal with small changes. It can tell you the difference, if a sock company puts up the price of socks, what the demand for socks will be. It cannot tell you about the sorts of system level changes we are talking about here. We would not use an understanding of laminar flow in fluid dynamics to understand turbulent flow. So why is it we are using marginal economics, small incremental change economics, to understand system level changes?"

Wednesday, June 6, 2007

Schrag doesn't think it's all that complicated

and neither do I, honestly. He is quoted in a news article in Science.
Geochemist Daniel Schrag of Harvard University argues that mandatory carbon caps should have been applied years ago to force energy technology innovations. He doesn't think that it's necessary to have, as Bush proposed, a year and a half of discussion to define emissions goals. "We know what we need to do now," he says.
PS - Like anyone in or around the paleoclimate science community, I have the utmost respect for Dan Schrag.

No comments: