"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, August 18, 2010

Silver Lining

I think one of the minor benefits of the huge catastrophes has been an increase in contact between climatologists and operational meteorologists. I am looking forward to conversations with a couple of them as we try to figure out exactly how weird the recent events in Asia actually were in some sort of objective sense.

2 comments:

Dan Olner said...

We could also do with re-assessing potential costs, cf.

http://www.bbc.co.uk/news/world-south-asia-10943606

"The UN has launched an appeal for $459m (£290m) to help victims of Pakistan's flood disaster."

The international community has thus far failed to meet that target; presumably in future that problem will only get worse.

Rick H. said...

"The skeptics are sweating"

http://climateprogress.org/2010/08/15/stu-ostro-weather-channel-global-warming/