EnviroEconomics.ca

Chris Green, that quirky economist, has a good article in the Globe today on why the focus on targets is bad, and a focus on action is needed. His basic premise is that targets, especially long-term ones, are set in a political arena, which operates in the absence of clear information on the doable. Targets are then set beyond what is technically or economically achievable, and thus set to fail. The setting of targets also detracts considerably from the focus on action, and the inevitable failure influences implementation. Both of these observations are borne out in Canada’s Kyoto experience.

Chris makes some good sense, but I also think the long-term targets provide a focus for action. A well balanced climate policy would have one track that looks forward to vision where we need to go and how we need to organize and transform ourselves to transition to a lower carbon future. Another parallel tract would focus on short-term action and on setting the stage for longer term strategies to move towards the targets.

So Chris is bang on when he states:

Someone has to lead. Another round of climate target-setting would be a prescription for another decade wasted. While it may be politically difficult to chart a new course, there is no alternative if we wish to cope with climate change. Canada could at least get out in front with projects and policies — putting a price on carbon, strengthening energy efficiency standards, and increasing carbon capture and storage — that have a strong probability of encouraging development of the green technologies that will be essential to reducing greenhouse-gas emissions, even if the timing and magnitude of these reductions is inherently uncertain

I just think part of that leadership also involves rallying around a vision of the future. And that vision has to be anchored in where we need to be. So, we are stuck with targets. But as Chris points out, if we channel some of that energy used to argue over targets into action, we would be one our way.