No, seriously. WTF?????

Climate Change – ka-ching

At last, we’re back to square one. There will be no climate change.

At first, the argument was that climate change was a myth created by the Weather Channel to boost ratings. Then there was the argument – later disproved by the mere fact Steven Fielding agreed with it – that climate change might be happening but is more likely caused by passing spaceships than humans.

Now the problem of climate change is so bad that there will be no change… out of about $500 billion per year in adaptation measures. That is the conclusion of the newly-minted report Assessing the Costs of Adapting to Climate Change.

Authored by widely respected economists from authoritative institutions, the report attacks the UN’s prediction that adaptations will cost $170 billion a year as a gross underestimation.

The authors blamed this on the UN’s failure to include key industry sectors within its estimates – in particular energy, manufacturing, mining, tourism and ecosystems.

How much money Australia will save by neglecting these sectors remains to be seen, but it’s almost certain we will hear in coming weeks that it is now just too expensive to even think about doing anything about climate change… especially since it may not even exist.

– By Roger Hanney