The Cost of Inaction & #cattlebubble

I’ve heard that the budget will not include any increase to the carbon tax. This insight into the first National Economic Dialogue may enlighten readers to the governments thinking on climate change and the costs it incurs. That’s without addressing the impacts of extreme weather – flooding, silage, drought etc. I reckon they’re happy to bail soon and let the next lot pick up the slack while they spend their pensions. That’s our system – short term thinking 😦

My favourite bit…

“I was pretty gobsmacked when I realised the actual reason climate change was on the agenda. They’re concerned about how to pay the fines we will have to pay when we don’t meet our targets for greenhouse gas emissions!!! We were asked, if it were up to us individually, how would we budget for the fines. That is not the question of a government committed to future generations. That is not the question of a government who takes climate change seriously for climate justice reasons. That is not the question of a government promising long term thinking. That is not a government who gives a damn about anything but economic growth.”

Building Bridges between Policy and People

How do we budget in the coming years so that we can pay fines for not taking action to reduce our green house gas emissions? Where will the money come from? Healthcare? Education? Welfare? Pensions? They are the burning questions I will take away from the first ever National Economic Dialogue #NED15 held on July 16-17 2015 in Dublin Castle.

Forgive me for being enthusiastic when I selected the break out session “Working for the best, preparing for the worst : Challenges to our economic and fiscal development”. I was delighted to see climate change mentioned in the guiding questions:

  • Horizon scanning – what are the key domestic, international and environmental risks and challenges to our economic future over the next 10 years?
  • How can we most effectively prepare for these risks including climate change?
  • How should we manage and mitigate risk in designing economic and fiscal policy and in the…

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