In anticipation of the upcoming Senate debate over the Warner-Lieberman climate change bill, the Cato Institute’s Patrick J. Michaels has an excellent analysis of its problems:
Senate Bill 2191, the “Climate Security Act”, sponsored by Joe Lieberman (I-CT) and John Warner (R-VA) will be debated by the Senate next week. It’s going to cost trillions and do nothing measurable about climate change in the foreseeable future. Maybe it should be named the “Economic Insecurity Act” of the 21st Century.
Lieberman-Warner mandates that we reduce our emissions of carbon dioxide—the major human “greenhouse” emission—to 2005 levels by the year 2012. They’ve risen an average of 1% per year since 1990, depending upon the weather (in cold years we use more energy to heat our homes) and our economy. Not surprisingly, the more it grows, the more carbon dioxide is emitted. That’s a screaming red flag about what S. 2191 will do for our prosperity.
The 2012 target is nothing compared to its long-term goals, which are a 15% reduction below 2005 levels in 2020, growing year-by-year to a 70% reduction in 2050.
No one — including Lieberman-Warner’s proponents — has a clue how to achieve such a change in our energy system. There simply is no known, workable suite of technologies available. But it could become law. Welcome to Washington.
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