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Main | The Conservative Party's electoral plight »

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Yonder

Yes we do need technological solutions to climate change, but even if the Partnership does produce new technology (and as things stand it doesn’t guarantee a single cent for research and development) those solutions need to be implemented. Unless by some happy circumstance the new tech produces energy at well below the price achieved by conventional coal and gas plant, then it won’t be implemented unless there is some sort of legally binding framework to tip the market in favour of clean energy. Kyoto was a flawed attempt to create such a framework, the Asia Pacific Partnership doesn’t even try. I’m afraid that a degree of regulation is necessary – as it always is when government acts to price externalities into market mechanisms. The market can deliver the right outcomes, but it can’t always deliver the right incentives.

Editor

Fair comment Yonder - hence my point (8).

Peter

Good idea except always have a problem including China in something due to their still occupation of Tibet. Also while pro Nuclear as shown by both Iran and North Korea there hasn't been much success in terms of controlling raw materials when countries want to make a bomb which has to be done at the start point of any action plan on energy resources?

wasp

There are reasons why developing countries weren't included if you go to somewhere like India then there are power failures about 6 times a day meaning that every business, home or utility of any reasonable size has a huge diesel powered generator.

Attempting to introduce Kyoto syle limits on carbon emissions in a society containing massive private levels of emissions would be impossible.

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