COP15 in Copenhagen has made a “modest start” to dealing with climate change – according to participants such as UK Prime Minister Gordon Brown and NZ climate change ambassador Adrian Macey.
Oh, the irony of such half-hearted spin … COP1 took place in Berlin in 1995. Now, fifteen conferences later we’ve finally got around to making a start.
In fact, of course, Copenhagen has simply been a failure followed by much dissembling. Action has been deferred yet again by the politicians and their sheepish accomplices who have found it too hard to be decisive. They have chosen to leave “making a start” to someone else at some point in the future.
When, as everyone knows, it will all be far too late.
This is – let’s be honest – dangerously self-destructive behaviour: a recognition of the need for change hand in hand with an absolute refusal to change. It is the politics of unsustainability in the most disastrous form imaginable.
The collective wisdom of capital markets is probably still ‘in some doubt’ in many peoples’ minds at the moment. Interestingly though, from a green perspective, capital markets appear to have been estimating the likely costs of climate change to be higher than those predicted by cost-benefit analyses (such as the Stern Report) that have been much maligned by some industry lobby groups. And, of course, this implies that – even from a purely economic point of view – there is a case for stronger climate change mitigation policies than have been suggested by the cost-benefit analyses.
With all the buzz and anti-buzz about the climate change talks in Copenhagen, it’s easy to get caught up in the dis-empowering idea that a global Emission Trading Scheme (ETS), agreed upon top-down, at Copenhagen (or maybe at the next conference…) is the only hope for meaningful action on climate change. After all, climate change is a global problem, with huge free-rider risks, so it must require a global solution, right?
Nobel prize-winning economist Elinor Ostrom makes the case, in her working paper “A Polycentric Approach for Coping with Climate Change” that a better response to the problems of climate change is ‘polycentric’ with a diversity of responses occurring simultaneously in different geographical locations and at different levels of government and society.