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What A Week It Was: Apocadocuments from
View By Scenario:
Species Collapse:(4)
Plague/Virus:(2)
Climate Chaos:(11)
Resource Depletion: (4)
Biology Breach:(4)
Recovery:(2)
This Week's Top Ten Very Scary Tags:
faster than expected  ~ arctic meltdown  ~ climate impacts  ~ weather extremes  ~ ecosystem interrelationships  ~ ocean warming  ~ global warming  ~ economic myopia  ~ feedback loop  ~ holyshit  ~ permafrost meltdown  



ApocaDocuments (3) matching "economic myopia" from this week
[see full week] ~ [see all stories tagged "economic myopia"]
Sun, Jul 3, 2011
from BBC:
Tanzania 'will mine uranium on Selous Game Reserve' -- World Heritage Site
Tanzania will go ahead with plans to mine uranium in the UN World Heritage site Selous Game Reserve, the natural resources minister has told the BBC. Ezekiel Maige said he told the recent UN World Heritage Centre meeting it would mean the park's size would need to be reduced by less than 1 percent. The UN body said it would approve the plans, as long as environmental assessments were carried out. Money made from the mining would help in the park's upkeep, Mr Maige said. According to the UN cultural organisation Unesco, the 5m hectare-Selous Game Reserve in the south of Tanzania has large numbers of elephants, black rhinos, cheetahs, giraffes, hippos and crocodiles - and is relatively undisturbed by humans.... Firms could expect to earn $200m each year from mining uranium from the site, of which $5m would be paid to the government, he said. Some of this would be able to help with the costly business of managing the park, and it would provide employment for about 1,600 Tanzanians.... He said it currently costs the government about $490,000 a year to manage it and the income from mining would help pay for guards to stop poaching.... ...


Two and a half percent seems a fair royalty, at least when amortized over the next seven generations.

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Thu, Jun 30, 2011
from National Geographic:
Hold the Champagne: Highway to Split Serengeti After All?
But after a closer look at the official Tanzanian statement behind the reports, it's questions, not toasts, that are being raised, and conservationists are divided as to whether it means the highway is truly canceled.... Officially, the road was supposed to boost Tanzania's economy by linking isolated, impoverished Serengeti villages outside the park with the Tanzanian city of Arusha, to the east, and the shores of Lake Victoria and other central African nations, to the west. Some conservationists, though, have speculated that the real motive for the road is to accommodate mining interests or to lay the groundwork for a railway.... Duke's Pimm agreed. "Many in the conservation community are not popping the champagne cork just yet," he said. "This is not enough." Gravel or paved, an expanded road that bisects the park will be devastating to Serengeti wildlife, he added. "A road by any other name is still going to be a disaster," Pimm said. "I think this is sophistry. ... They're still going to build a road." ...


We just want to migrate the minerals to where they belong -- what's wrong with that?

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Mon, Jun 27, 2011
from New Zealand Herald, thru DesdemonaDespair:
Insurance industry facing a climate of fear
For an industry whose survival means managing risk, these are challenging times. Nations which are focused on their economic problems have barely begun to contemplate how they will deal with the scientists' scenario of a warming planet. Yet insurers must calculate their exposure as our assumptions - that homes will be safe, food will be secure and infrastructure will work - are tested by ever more common "Hundred Year" weather disasters, a change that reinsurer Swiss Re calls the "new normal".... Trying to get a handle on this new normal means taking climate science very seriously. And the news is not good. Last month the International Energy Agency said carbon dioxide (CO2) emissions rose by a record 31 billion tonnes last year, making it more likely that the temperature rise this century would exceed 2C, unleashing runaway global warming and apocalyptic changes, including famine.... "Many of the risks posed by climate change will become uninsurable," predicts Mills. Insurance survives by identifying risks in advance. But climate change is a new ballgame, both in scale and weather volatility. Insurers could also risk losses from liability suits brought against customers who are blamed for fuelling climate change - a fossil fuel company, for example. ...


There are actuarial tables for an apocalypse?

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