"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman

Monday, November 29, 2010

God Save The United Kingdom

David Cameron the PM has written an article for the Guardian showing such economic naivety that I fear greatly for the survival of the Mother Country in the hands of such a complete prat! With soaring rhetoric he prepares for Cancun  urging the yeomen to gird their loins against the latest enemy to assail the fair shores of Britain - global warming . Unfortunately these plucky English chaps are up to their knackers in snow in a record-setting winter so loin girding against warming is not such a high priority for them.

The second reason to take heart is that there is a compelling economic case to be made for fighting climate change that is barely out of the blocks yet. The green effort should not be downgraded or swept under the carpet because of spending cuts and austerity. On the contrary, both developed and developing countries have the potential to make massive gains from a green economy; the low carbon market is already worth up to £3.2 trillion and is forecast to grow by around 4% a year over the next five years.
I passionately believe that by recasting the argument for action on climate change away from the language of threats and punishments and into positive, profit-making terms, we can have a much wider impact. That's why this government has set up the Capital Markets Climate Initiative – to help trigger a new wave of green investment in emerging economies and make the City of London the global capital of the fast-growing green investment sector.
If Cameron finds a compelling economic case for wasting billions of taxpayers funds on projects that are unsustainable without them his economic credentials are laughable! The word investment implies a return and these green projects absorb wealth not create it. 

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