> Pixies wrote:
We do not know how significant our effect on the climate is. If it is worse than we hope, and we do nothing to prepare, we are in a heck of a lot of trouble. If we do something and it turns out that the Earth just happens to be more of a sustaining regulatory systems than we imagined, then relative to the potential catastrophic loss, we spent some pocket change and developed a few useful technologies. Oh dear.
While I'm not in any way qualified to make any sort of judgment call on global warming itself, there's two things I need to say regarding this specific notion:
1: Depending on what sort of climate change solutions we're talking about, your risk analysis may not be entirely accurate. Now, if the only policies you advocate are, for example, alternative energies, there aren't many people who would have a problem with it because the technologies have alternate uses. I'm pretty sure most of us, regardless of political ideology or stance on global warming, would have no problem with alternative energy because it has external benefits.
However, there's a separate class of proposed solutions which I, and others would claim are uniquely dangerous. Let's say, for example, a business has a factory in the US which emits 1 ton of CO2 into the atmosphere each year (I actually have no idea of how air emissions are measured... science is someone else's field, not mine), earning $1 million per year in profits. Assume the government places a cap which limits that business to .5 tons of CO2 emissions each year, requiring a structural adjustment. How does the business solve this?
The business could cut production. In this case, our model business would need to cut production by actually more than 50%, because factories actually produce greater profit with larger quantity of production (factories have a fixed cost of maintaining the factory that must be paid regardless of production... a concept called economies of scale). So you're actually cutting its production by more than 50%. Add to this the ripple effects (employees that made those additional goods would be fired, a sudden, short-term shortage would occur for that product). This may not matter for the market as a whole if a single business has the problem, but for every polluting industry in an economy simultaneously, that's a pretty big economic shift.
Alternatively, perhaps there's some technology which could cut the business' emissions. Assuming the technology exists, the cost is still going to factor into production. First of all, the cost would have to be cheaper than the cost of simply cutting production by that amount. Any additional cost for the cleaning effort would effectively act as a tax on production, cutting production similarly to the effects of just cutting production entirely. Whether these technologies exist in a fashion which could effectively offset emissions is still up for debate, as is the question of how much such an offset would actually cost, relative to production.
The third option is to simply outsource. Not all countries will have the same environmental regulations. Even the Kyoto Treaty put a giant exception in for developing nations to allow them to pollute. With the growth of skilled and unskilled labor in East Asia, there's no reason a polluting company can't simply move its operations to another country to dodge the law entirely. Considering the only temporary expenses an expanding interconnected nature of commerce, this is a relatively simple way a business can abide by the legal requirement. Not only would this have absolutely no net effect on emissions, it would cost jobs through outsourcing created not as a result of comparative advantage but instead as a result of a race to the bottom, the bad form of outsourcing.
There may be some research possible to develop emission-reducing production methods. However, research is a long-term solution. The company would still need to adopt a short term solution, and would also need to find a way to pay for the additional costs of research (further magnifying the economic impact on the industry).
2: The very act of your risk calculus is a practice in bad science. You could, in theory, post counter-examples and say "Well, Flint, your article on global warming may be wrong for X, Y, and Z reasons... here's a scientific study to disprove your scientific study..." You know... actually debate global warming. Instead, you resort to precautionary principle risk calculation. That's a terrible idea for a couple reasons.
First, we're no better off in knowing whether or not to buy the global warming issue. So we're just shooting dice at this point.
Second, I'd say you undercalculate the risk of economic downturns, especially now in an interdependent planet.
Third, and most important, your principle justifies ignoring argument claims in favor of precaution. In effect, it justifies policy actions based not in truth value but on the most extreme possible action that may result if one side is true. It's essentially fearmongering. It also justifies the following:
We should establish a series of orbital nuclear weapons platforms to fight an alien invasion, because if aliens exist and we're not ready, they could wipe out humanity.
We should all become Catholic, because if you're not Catholic and Catholicism is correct, you're going to hell (Yes, the ever-famous Pascal's Wager).
We should stop all development of nanotechnology because nanotechnology research may trigger a gray goo reaction, destroying the planet.
See the problem? I don't have to prove the existence of aliens, God, or gray goo. The mere threat is enough to justify policy action. Good policy? Hell no. And yet these and other risk calculus scenarios. In fact, I didn't make up any of those... 
EDIT: Oh, right... if you buy the precautionary principle, you shouldn't be advocating development in nanotechnology since it might destroy the world through self-replicating nanobots. I'm gonna be honest... some animals may be able to adapt to higher temperatures, even if it requires serious evolution... but it's hard for biology to adapt to machines turning all matter into more matter-eating robots. 
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