Wednesday, 24 September 2014

The staggering costs of feeding the climate change "monster"

Tom Harris, executive director of the Ottawa-based International Climate Science Coalition gives some interesting facts about the staggering costs of feeding the climate change "monster":

According to the Congressional Research Service, from 2001 to 2014 the US government spent $131 billion on projects meant to combat human-caused climate change, plus $176 billion for breaks for anti-CO2 energy initiatives.
Federal anti-climate-change spending is now running at $11 billion a year, plus tax breaks of $20 billion a year. That adds up to more than double the $14.4 billion worth of wheat produced in the United States in 2013.
Dr. Bjørn Lomborg, director of the Copenhagen Consensus Center, calculates that the European Union’s goal of a 20 percent reduction in CO2 emissions below 1990 levels by 2020, currently the most severe target in the world, will cost almost $100 billion a year by 2020, or more than $7 trillion over the course of this century.
Lomborg, a supporter of the UN’s climate science, notes that this would buy imperceptible improvement: “After spending all that money, we would not even be able to tell the difference.”
Al Gore was right in one respect: Climate change is a moral issue — but that’s because there is nothing quite so immoral as well-fed, well-housed Westerners assuaging their consciences by wasting huge amounts of money on futile anti-global-warming policies, using money that could instead go to improve living standards in developing countries.