Posted by
Catmman on Wednesday, May 28, 2008 11:25:44 AM
Here in America, one such piece of legislation, the Lieberman/Warner climate security act "A bill to direct the Administrator of the Environmental Protection Agency to establish a program to decrease emissions of greenhouse gases, and for other purposes" would result, according to a study by the Heritage Foundation, in:
Cumulative gross domestic product (GDP) losses of at least $1.7 trillion and could reach $4.8 trillion by 2030 (in inflation-adjusted 2006 dollars).
Single-year GDP losses hit at least $155 billion and realistically could exceed $500 billion (in inflation-adjusted 2006 dollars).
Annual job losses exceeding 500,000 before 2030 and approaching 1,000,000.
The annual cost of emission permits to energy users to be at least $100 billion by 2020 and could exceed $300 billion by 2030 (in inflation-adjusted 2006 dollars).
The average household paying $467 more each year for its natural gas and electricity (in inflation-adjusted 2006 dollars). That means that the average household will spend an additional $8,870 to purchase household energy over the period 2012 through 2030.
All in the name of fighting a non-existent threat.