This isn't a global financial 'crisis', it's an ecological system pushed to its limits, prepare for a 'fast and furious' transformation 'in an economy near you' and treat coal like uranium, says Paul Gilding, founder and CEO of Ecos Corporation (video link).
Seven Australian climate change scientists have written to owners of the nation's coal-fired power stations calling for no new coal plants unless they have 'zero emissions' and for an urgent program to replace existing coal-fired plants.
If Australia properly costed greenhouse gas emissions and health effects, then coal-fired electricity would be twice as expensive and the price of gas-fired electricity would rise almost 50%, according to a study launched Friday by Finance Minister Lindsay Tanner.
Australia should go to this year's Copenhagen talks willing to commit to an 80% emissions cut by 2050, say Labor and Greens members of a parliamentary committee in a report issued today. But a dissenting Coalition report says there is 'conflicting science' on climate change and the recommendation is 'extreme'.
Nine months ahead of the politicians, scientists this week descended on Copenhagen to deliver the latest scientific findings on climate change. Their message – this is far worse than previously thought and the world must do far more than it is yet contemplating.