Why mitigating CO2 emissions is cost-ineffective

Watts Up With That?

By Christopher Monckton of Brenchley

A couple of weeks ago I appeared before the California State Assembly and told legislators that the cost of the State’s cap-and-trade legislation, which comes into full effect in August this year, will be $450 billion over a decade.

This was a deliberate underestimate. I bent over backward to see whether the Californian proposal could ever make any economic sense. The results, when I ran them through my simple model, confirmed what many have long suspected but few have calculated until now: that attempting to mitigate our sins of emission is one of the most cost-ineffective wastes of taxpayers’ money ever devised.

I had multiplied the $182-billion annual cost of California’s scheme and associated mitigation measures not by 10 but by 2.5 – a quarter of the true gross cost over a decade. The reason for effectively dividing the stated costs of California’s mitigation policies…

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About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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