Posts Tagged Integrated Economics
Peter Neal (UNSW) on Carbon Capture and Storage
Posted by sangus in Development, Interview, Podcast on 28 May, 2009
Dr Peter Neal is a research associate at the Cooperative Research Centre for Greenhouse Gas Technologies (otherwise known as the CO2 CRC), and is located in the School of Petroleum Engineering at the University of New South Wales, Sydney. As part of this group, Dr Neal works on modelling the economics of Carbon Capture and Storage (CCS) technologies. In this interview, Dr Neal describes how CCS works, where the technique is being applied current, and what the important economic factors in its use will be. Towards the end of the interview Dr Neal looks ahead to where CCS will be utilised in both the developed and the developing nations of the world.
Or download the podcast here: download (mp3)
Wake Up, Freak Out - then Get a Grip
Posted by sangus in Sustainability on 8 May, 2009
Or .. `How to present non-linear dynamics to a Linear Generation’
Wake Up, Freak Out - then Get a Grip from Leo Murray on Vimeo.
I’m a big supporter of attempts to bring complex issues to the public in a digestable format, and for this Murray has done a superb work of good here. However, I’m also keen to bring some of the emmotion out of climate change and bring real economic solutions to the table, rather than (say) public disobedience (as it seems Murray would have us undertake from this clip).
The problem of Climate Change is Economic in nature: to quote Nicholas Stern, author of the vital ‘Stern Review’ for the UK, climate change is the biggest example of market failure the world has ever seen. I don’t disagree, and thus, surely it is up to us Economists to provide an answer. Here’s where climate change policy is so important. Murray rightly shows that there are some ‘vested interests’ who may not wish to change the direction of their very large corporate ships, but the reality is, this is not a long-term strategy and they know it. Indeed, many of the large miners (for example) have been thinking about a low-intensity climate future for some time. We, the people, need to support these efforts and encourage our governments to get on their skates. As Murray says, we have little time to ‘fiddle’, Rome isn’t burning yet, but it will.
Michael Hanemann on Climate Change Policy
Posted by sangus in Interview, Podcast, Sustainability on 30 April, 2009
Michael Hanemann is Chancellor’s Professor at the Department of Agricultural and Resource Economics, University of California at Berkeley. He’s also the Director of the California Climate Change Center. He was in Australia towards the end of 2008 to speak at several universities (including Monash) and to hold discussions with policy makers in the Australian Government. The interview discusses different approaches to climate change policy including what options Australia might take based on experiences internationally, especially in California.
Or download the podcast here: download (mp3)
Lessons from the GFC for the GEC
Posted by sangus in Development, Podcast on 7 April, 2009
I was recently prompted by James O’Loghlin (host of Sunday’s with James O’Loghlin program on ABC Local radio, Sydney) to think about solutions to both the GFC (Global Financial Crisis) and the GEC (Global Environment Crisis). What he was after, was a discussion of solutions that would solve both problems at the same time .. the old, ‘two birds with one stone’ approach. On the surface of things, this sounds like an impossible task: when one thinks about the hardship that is still building in world economies due to rising unemployment, shouldn’t we be thinking only of fixing up the economy? Shouldn’t we wait until ‘better times’ return for us to then worry about the environment. I mean — the dangers of climate change and its associated dooms-day predictions are important, but surely not that important to rank them above the pressing troubles of the now?
Whilst I’ll write some more on the solutions side of things later, my first thought was not actually ’solutions’ as such, but to do with lessons that we can take from the one to the other.