Hi all, This is copied from today's NY Times, to give one view of what's happening in the financial crisis, which may give lessons for behaviour in the "planetary emergency" (as Prof Hansen puts it).
I particular like the precautionary principle being applied, to cope with past excesses... [Quote] Could the current crisis lift - could banks decide they really are missing out on profitable investing opportunities - without a $700 billion government fund to relieve Wall Street of its scariest holdings? Sure. And is Congress right to fight for a workable program that's as inexpensive and as tough on Wall Street as possible? Absolutely. But in the end, this really isn't about Wall Street. It's about reducing the risk that something really bad happens. It's about limiting the damage from the past decade's financial excesses. Unfortunately, there is no way to accomplish that without also extending a helping hand to Wall Street. That is where our credit markets are, and we need them to start working again. [End quote] This principle is exactly what we should apply for global warming. By saving the Arctic sea ice using stratospheric clouds or cloud brightening, we can reduce the risk that something really bad happens. It's about limiting damage from past decades of excessive CO2 emissions. Cheers from Chiswick, John --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "geoengineering" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/geoengineering?hl=en -~----------~----~----~----~------~----~------~--~---
