There’s a new study out by PriceWaterhouse saying that the cost of cutting greenhouse gas emissions will be one trillion — that’s right, a trillion — dollars. What’s more disturbing is that the study’s author, John Hawksworth, concludes that it’s “a cost worth incurring.” Really? By whom?
We already have a 32% non-wage cost disadvantage vs. our trading partners. India and China are not signatory to the Kyoto accords and when Al Gore was President of the Senate, they decided 95-0 not to ratify it. So why would we spend a trillion dollars to do this? Let’s wait ’til we have some consensus on causes and solutions before we go on a spending spree, shall we?
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