The Futility of Greenhouse Gas Abatement Continues

Conn Carroll / June 11, 2009

If the Obama administration succeeds in passing the Waxman-Markey energy tax, and it works perfectly, it will only reduce global temperatures by nine hundredths of one degree Fahrenheit. In other words: it will do nothing. The only possible benefits from Waxman-Markey occur if the rest of the world, including the globe’s largest emitter of greenhouse gases– China– also reduces its emissions. So how are those negotiations going? Financial Times reports:

China and the US failed to achieve a breakthrough at their latest round of climate talks yesterday, raising the stakes in the global effort to fight global climate change. (more…)