Brotherhood Comment April 2007

ISSN 320 8632A regul Ar upd Ate from Soci Al Action And r e Se ArchApril 2007What does the Brotherhood have to do with climate change? Policy goals are commonly viewed the hardest hit, resulting in both Costs of policy changein triple-bottom-line terms, diminished personal well-being Policy responses to climate encompassing desired economic, and a reduced ability to comply change will also involve costs, environmental and social outcomes. with policies aimed at reducing with low-income households less It is rare for people to work greenhouse gas emissions. able to respond. Stern (2006) together to achieve all three of these recommends the introduction of often competing goals, but this is The 2005 cyclone in New Orleans carbon pricing. If action is taken happening with the profoundly demonstrated the disproportionate now, the social cost of carbon important issue of climate change. impact of extreme weather patterns pricing will be about $40 per tonne; There is growing awareness that on poor people. Certain sectors in failure to act will raise the future significant changes in climate Australia will be hit the hardest cost to about $110 per tonne. are occurring due to increasing by climate change. For example, human-generated greenhouse changes in arable land locations The technology to reduce emissions gas emissions. Concentration of due to changes in rainfall, storm from coal-fired electricity greenhouse gases in the atmosphere patterns and ...