"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?"

Friday, September 28, 2007

Good News Bad News

The good news is that the first new nuclear plant in the US in ages is being proposed for Texas, and the City of Austin is thinking about chipping in. Thus it is an important step to realistically addressing greenhouse gas accumulation.

The bad news is that the plant will be sited next to existing nuclear facilities near Bay City TX at Matagordo Bay, and so, as far as I can tell, would add to the already vast industrial infrastructure at risk from sea level rise.

No comments: