perceptions_now
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Australian Politics
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progressiveslol wrote on Jan 9 th, 2013 at 7:22pm: perceptions_now wrote on Jan 9 th, 2013 at 5:24pm: perceptions_now wrote on Jan 9 th, 2013 at 1:04pm: progressiveslol wrote on Jan 9 th, 2013 at 12:18pm: Quote:So Progs, you are not a believer, IN GOOD BUSINESS PRACTICE/S? Not when the insurance becomes more than the replacement value.It will cost more, much more to mitigate/insure than it would just to live with a few degrees warming. Progs, Progs, Progs??? It seems you may not have heard the the Stern Report suggests - CostsThe Stern Review proposes stabilising the concentration of greenhouse-gas emissions in the atmosphere at a maximum of 550ppm CO2e by 2050. The Review estimates that this would mean cutting total greenhouse-gas emissions to three quarters of 2007 levels. The Review further estimates that the cost of these cuts would be in the range −1.0 to +3.5% of World GDP, (i.e. GWP), with an average estimate of approximately 1%. Stern has since revised his estimate to 2% of GWP. For comparison, the Gross World Product (GWP) at PPP was estimated at $74.5 trillion in 2010, thus 2% is approximately $1.5 trillion. The Review emphasises that these costs are contingent on steady reductions in the cost of low-carbon technologies. Mitigation costs will also vary according to how and when emissions are cut: early, well-planned action will minimise the costs. Link - http://en.wikipedia.org/wiki/Climate_change_mitigation#Costs================================ Let me ask you and others who do not agree that Climate Change is Real or at least a real problem, a few questions - Q1) How many Business Leaders/Owners would think it prudent to take insurance cover their business, against the likes of the following Risks, even if they thought it was likely that the Risk would impact greatly or substantially on their Business? 1) Fire 2) Flood 3) Earthquake 4) Storm 5) Tsunami
A1) 100% of good Business Leaders/Owners would cover their Businesses!
Q2) How many Business Leaders/Owners would think it prudent to take insurance cover their business, against the the above sort of Risks, even if they thought it was very unlikely that the Risk would ever impact their Business?
A2) 100% of good Business Leaders/Owners would cover their Businesses, even if they thought the Risk was negligible or zero, because as is well known to the insurance industry, SH!T HAPPENS, even when it isn't expected & often at the most in-opportune time!
So, we are always well advised to pay a small to medium size "Premium", to try to Mitigate the likelihood of the worst case scenario's from becoming a reality!
2%, 5% 10% of Global GDP, what is an acceptable Risk Mitigation "Premium", to try to stop the worst Climate Change scenario,s???
PS - I would suggest much more than 2% of Global GDP, has already gone into trying to retain the Economic Status Quo & the chances of that happening are ZERO! What, NO howls of condemnation, from Progs, nor from others purporting to support Business & the Free Enterprise Business Economy? Is it because, the possible Costs of Mitigation are likely to be too BIG or likely to be NOT BIG ENOUGH? Or, is it simply that there is no logical reason, Not to? There is only so much you care to read. Im tired and couldnt be bothered right now. Been busy labouring around the property. If I get a chance ill have a good read, but this is not the only information available, so dont expect it to be the only one that is right. I'm sure you're right, BUT the basics will remain that it is simply good & usual Business practice, to mitigate known Risks, even if it is considered unlikely AND part of that process involves paying a Premium to lessen the chance of the worst Risks.
At the absolute core, the Climate Change issue is no different!
Btw, I note there is a lack of "concerned anti Climate Change" supporters, who are willing to put up their reasoning, why this is different???
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