.
April 27th, 2009
09:49 AM ET

Selling the Green Economy

Robert J. Samuelson
The Washington Post

Few things are more appealing in politics than something for nothing. As Congress begins considering anti-global-warming legislation, environmentalists hold out precisely that tantalizing prospect: We can conquer global warming at virtually no cost. Here's a typical claim, from the Environmental Defense Fund (EDF):

"For about a dime a day [per person], we can solve climate change, invest in a clean energy future, and save billions in imported oil."

This sounds too good to be true, because it is. About four-fifths of the world's and America's energy comes from fossil fuels - oil, coal, natural gas - which are also the largest source of man-made carbon dioxide (CO2), the main greenhouse gas. The goal is to eliminate fossil fuels or suppress their CO2. The bill now being considered in the House would mandate a 42 percent decline in greenhouse emissions by 2030 from 2005 levels and an 83 percent drop by 2050.

Read More...


Filed under: Economy • Environmental issues
soundoff (No Responses)

Comments are closed.