Category Archives: Carter
by Bob Carter, geologist, Emeritus Fellow of the Institute of Public Affairs (Melbourne), Chief Scientific Advisor to the International Climate Science Coalition (Ottawa), and author of Climate: the Counter Consensus
On 1 February, Financial Secretary John Tsang delivered a 2012-2013 budget for Hong Kong that forecast a HK$3.4 billion deficit for the year. It is unlikely that Mr Tsang took specific advice or instruction from the World Bank in shaping it.
Of course, deficit budgets are not necessarily a bad thing at times when money is tight yet critical productivity-enhancing infrastructure needs to be supported. But, as for many larger nations, Hong Kong’s deficit in part reflects populist and cosmetic spending on futile eco-bling such as tax incentives for inefficient electric-powered vehicles, encouragement of costly impracticalities such as carbon dioxide capture and storage (CDCS) and imposition of productivity-draining bureaucracy and costs by schemes like the Energy Efficiency (Labelling of Products) Ordinance.
Yet judging by the utterances of Secretary for the Environment, Mr Edward Yau, and his representatives, the Hong Kong administration sets these and other policies on climate, aka global warming, on the basis of advice from the UN’s Intergovernmental Panel on Climate Change (IPCC). Read the rest of this entry