Posted by Tim Stobbs on September 11, 2009
This is just in. Apparently even the heavily flawed self interested bill from the US Congress, Waxman-Markey (aka: HR 2454), if implemented is actually a good thing for the US as a whole. This shocking conclusion is from a policy paper that found that once you include the social benefits of not flooding your coast line and other things under a conservative set of assumptions that in total the benefits outweigh the costs by a factor of nine to one or more.
Sorry if the scarcasim isn’t obvious in the above statement, but really isn’t this obvious to anyone who things about it for a while? It’s the classic an ounce of prevention is worth a pound of cure. Oh well, perahps in my lifetime I’ll see a government realize that isn’t a ‘right’ way to do any climate bill, but rather just pick one and adjust it as you go.
Have a good weekend everyone.