Is it politically possible to avert dangerous climate change?

The Stockholm Network’s Carbon Scenarios describe 3 plausible futures resulting from 3 different approaches to climate policy at the international level. Worryingly, none of the scenarios provides a policy which achieves climate ‘success’ as defined by the UK, EU and UN (a greater than 90% chance of no more than 2°C warming above preindustrial levels).

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Oil Dollar Euro ULP

I’m interested by the claim repeated in numerous news analyses that “investors are buying oil to hedge against the sliding greenback” – it seems to me to be a tad more significant that world oil demand has exceeded world oil supply for the last several months, and looks like doing so for at least the rest of this year. My forecasts for year end 2008: $145 barrel; A$1=US$1; ULP at $1.87 per litre. Enjoy.

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