Gagglescape's sister site, http://www.corporateknightsforum.com announced the CKmagazine's $100 Billion environmental challenge. Here is the text:

Tuesday, February 27, 2007

Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen. The Investment Proposition: If we start investing 1 per cent of our annual global GDP today, we can avoid GDP losses of 5 to 20 percent tomorrow.

"Everybody talks about the weather but nobody does anything about it"—Commonly attributed to Mark Twain, 1897

That was true back in 1897, but not anymore, according to the most recent Intergovernmental Panel on Climate Change (IPCC) report. The report, which is an expert-reviewed synthesis of the most up-to-date scientific research published on climate change from around the world, upped the ante. It concluded that it is "very likely" humans are causing global warming, or, in quantitative terms, more than 90 per cent certain (up from "likely," or more than 66 per cent certain, in 2001).

So now that we have proved Mark Twain wrong, what are we going to do to fix it?

Most people, from the leader of the Green Party to the chief executive of the Canadian Council of Chief Executives, as well as our current Prime Minister, genuinely agree that it is time to pull back on the high-carbon throttle and carve out a new low-carbon path for our economy.

Just after the IPCC report was released, Prime Minister Harper made clear which path Canada would take: "I think the first realistic step in any such plan will be to try over the next few years to stabilize emissions and obviously over the longer term to reduce them." A few days later, the usually laissez-faire economist told an audience at the Canadian Club in Ottawa that he was going to crack down on industrial (...read more...)