If you needed another reason...
In a paper for the Copenhagen Consensus Center, climate economist Richard Tol, a lead author for the U.N. climate panel, determined that to cut carbon emissions enough to meet the 2° goal, the leading industrial nations would have to slap a huge tax on carbon-emitting fuels — one that by the end of the century would reach something on the order of $4,000 per metric ton of carbon dioxide, or $35 per gallon of gas ($9 per liter). According to Tol, the impact of a tax hike of this magnitude could reduce world GDP 12.9% in 2100 — the equivalent of $40 trillion a year. In other words, to save ourselves $3 trillion a year, we'd be giving up $40 trillion a year. No wonder we're not getting anywhere.
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George Will, among other pithy remarks:
Actually, never in peacetime history has the government-media-academic complex been in such sustained propagandistic lockstep about any subject.
1 comment:
Pretty bad, isn't it, to spend billions on something that probably won't work to begin with. All the sun has to do is belch out a few sunspots, and it's all for naught.
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