Thursday, February 15, 2007

Um, excuse me???

Did the Treasury Dept here in Australia really say this????

THE Treasury says it has not made any detailed assessment of the economic impact of climate change, and there is no urgent need to do so.

The admission came as the Federal Government was put on the defensive yesterday on the environmental issues of climate change and water.

David Parker, the executive director of Treasury's macroeconomic group, said although the effects of drought had been modelled, climate change had not. "It would be fair to say that, to date, the environmental greenhouse issues haven't been in a sense sufficiently large as to have an obvious macro-economic impact," Mr Parker said.


I am sorry, but our fearless leader J. Ho. has just lost any economic credibility he might have once had, if he has not had the country's leading bunch of economists not prepare a costing on what financial effect global climate change might have on this country....

This just leaves me speechless...

btw, full article "here"

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