by Val Germann
Believe it or not, the energy and climate future of planet Earth was most likely determined over the weekend as Melbourne, Australia hosted the G20 finance meetings. In spite of dire warnings and growing public concern, the leaders of world finance, the people with serious economic clout, refused to even consider the climate issue. However, as was reported yesterday on the TERRADAILY website, the G20 announced that they had:
. . . reached an agreement on ensuring energy and commodity markets could meet demand from the world’s emerging economic giants
In other words, business as usual, with bells-on, because these “emerging economic giants” are consuming fossil fuels at enormous and ever-increasing rates. These increases threaten to drive atmospheric carbon dioxide to higher and ever-higher levels, perhaps unleashing a “runaway greenhouse effect,” as has been discussed here before.
The response to all of this by the money men, those with true and long-lasting economic power, is to ignore the problem completely, to “pass the buck,” as it is sometimes said. And it is simply a fact, one well known to Star Phoenix Base readers, that without support from the top, and adequate finances, nothing important can ever get done. After this last weekend no one should be holding their breath waiting for concrete action on climate change. Our readers may draw their own conclusions from the following quote:
The Australian Treasurer had said before the meeting that climate change would be a major part of the agenda, including discussion on market mechanisms to reduce emissions, such as carbon trading. But South African Finance Minister Trevor Manuel said the economists had decided climate change was beyond their remit and decided to leave the issue to environment ministers.
The entire sorry story can be read in the TERRADAILY article.