We are currently struggling to manage our water resources in Australia. Wetlands are drying out, acid sulphate soils are developing, river flows have been altered, water supplies in cities are under pressure. Much of current debate focuses on the effect of climate change, and sceptics and believers are battling it out on the newspaper pages. However, rather than getting stuck in a “tis” “tisnot” debate it might be more useful to see if we can disentangle management from climate effects.
First up I would ask the climate sceptics (yes that is you Miranda Devine) the following question: If you had to make a business decision and the general consensus among investment advisers was that is was 80 – 90% certain that the market would go one way or another, would you follow their advice? The current IPCC report estimates that it 80 – 90% certain that climate change is due to human influences…