Many people are concerned that huge policy changes are being made without due consideration of the realistic costs and benefits. So I asked www.cleanenergyfuture.gov.au to point out to me with the assessment of costs and benefits were set out – they sent me the following 4 URL’s.
At the first I found a reference – 1.4 Risks to economic prosperity – to sea level rise affecting property worth $226Bn over the next century – that was all.
I found nothing at the Climate Commission.
Sorry I missed whatever was at this page.
– page 6 – The net present value of the market benefits of average outcomes this century fell just short of the net present value of the costs of mitigation policy. However, when non-market benefits plus the insurance value of avoiding unexpectedly severe outcomes, plus the avoidance of climate change costs beyond the twenty-first century were taken into account, the case for effective global action with Australia playing its proportionate part became compelling.
When Prof RG mentions “non-market benefits” he is talking about things like the Great Barrier Reef – and life in Murray Darling Basin country towns.
on page 10 RG says – “The benefits can be difficult to observe and some only
accrue far into the future.” Indeed Professor.
I liked the bit where Prof Ross Garnaut says –
bottom page 8 “…messy world…” – yes it is terrible when people just do not do what you say Prof.
page 11 – in the last clause of para – Type 1: Currently-measurable market benefits;
we learn – “Climate change also dampens demand for labour, causing real wages to be lower,…”. OKay – so if we are experiencing “climate change” – how come our employment sector is booming Professor ?
Sorry but I can only read so much of this stuff.