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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPaul Krugman- Cutting Back on Carbon
Next week the Environmental Protection Agency is expected to announce new rules designed to limit global warming. Although we dont know the details yet, anti-environmental groups are already predicting vast costs and economic doom. Dont believe them. Everything we know suggests that we can achieve large reductions in greenhouse gas emissions at little cost to the economy.
Just ask the United States Chamber of Commerce.
O.K., thats not the message the Chamber of Commerce was trying to deliver in the report it put out Wednesday. It clearly meant to convey the impression that the E.P.A.s new rules would wreak havoc. But if you focus on the reports content rather than its rhetoric, you discover that despite the chambers best efforts to spin things as Ill explain later, the report almost surely overstates the real cost of climate protection the numbers are remarkably small.
Specifically, the report considers a carbon-reduction program thats probably considerably more ambitious than were actually going to see, and it concludes that between now and 2030 the program would cost $50.2 billion in constant dollars per year. Thats supposed to sound like a big deal. Instead, if you know anything about the U.S. economy, it sounds like Dr. Evil intoning one million dollars. These days, its just not a lot of money.
Remember, we have a $17 trillion economy right now, and its going to grow over time. So what the Chamber of Commerce is actually saying is that we can take dramatic steps on climate steps that would transform international negotiations, setting the stage for global action while reducing our incomes by only one-fifth of 1 percent. Thats cheap!
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http://www.nytimes.com/2014/05/30/opinion/krugman-cutting-back-on-carbon.html?_r=0
pampango
(24,692 posts)But with conservatives it is all about the rhetoric, the emotion, the spin - never the content, the facts, the history.
Kudos, again, to Dr. Krugman.