Sunday, February 11, 2007
More global harming
And is nought-point-seven of an uptick worth wrecking the global economy over? Sure, say John Kerry and Al Gore, suddenly retrospectively hot for Kyoto ratification. But, had America and Australia signed on to Kyoto, and had Canada and Europe complied with it instead of just pretending to, by 2050 the treaty would have reduced global warming by 0.07C: a figure that would be statistically undectectable within annual climate variation. And, in return for this meaningless gesture, American GDP in 2010 would be lower by $97 billion to $397 billion -- and those are the U.S. Energy Information Administration's somewhat optimistic models.