February 7, 2007

SO TOO DOES THE BAKER COME TO APPRECIATE THE BROKEN WINDOW:

Climate challenge will heat up the global economy, Barclays predicts (Jane Padgham, 08 February 2007, Independent)

Climate change will boost the global economy and dominate financial markets over the next 25 years, a leading investment bank has predicted.

In a new report, Barclays Capital challenges the conventional wisdom that global warming will have a devastating impact on economic growth. It believes the need to increase energy capacity by 50 per cent by 2035, while simultaneously reducing dependence on hydrocarbons, will spark an "energy revolution" reminiscent of the technology revolution which led to the dot.com boom.

"If ever the time were ripe for such an energy revolution, it is now," said Tim Bond, global head of asset allocation at Barclays Capital, and author of the report. "And like all historical adoptions of general purpose technologies, the process should prove immensely stimulative to economic growth."


There's something beautiful about the Left's hysteria driving the Right's portfolio's higher.

Posted by Orrin Judd at February 7, 2007 8:34 PM
Comments

Bush should propose building large numbers of pebble bed nuclear power plants to produce electricity, replace oil and coal plants and cut CO2 emissions. If global warming is crucially important, this is probably the best solution. So either the Democrats go along and alienate their enviro supporters and empower the Greens, or they have to fight against nuclear power while simultaneously trumpeting the importance of cutting oil and coal use and CO2 emissions. I'd like to see them try to square that circle.

Posted by: PapayaSF at February 8, 2007 1:15 AM

PapayaSF: Um, all they'd have to say is, "Look, the Republicans are trying to nuke you," and the press would say "Yes they are" in an unbiased fashion and that would be that, surely?

Posted by: Just John at February 8, 2007 3:41 AM

The left doesn't want us to find cleaner and more efficient power. They want to shut us down and bring us to third world status.

Posted by: erp at February 8, 2007 8:34 AM

Erp: Exactly right.

Now ask how and why. What we call the "left" is, and has always been throughout human history, an amalgam of grave spiritual sin and profound mental illness.

How they now address energy issues is a fine example. Their opposition is grounded less on rational judgements and more on oedipal rage.

Posted by: Lou Gots at February 8, 2007 2:18 PM
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