All the News That's Fit to be Tied

I have an axe to grind, but unlike the New York Times, I freely admit it.

Wednesday, November 24, 2010

Global Warming Unvarnished

In order to get rich one has to burn coal, oil or gas. That is the conclusion of Ottmar Edenhofer, a German economist and member of Intergovernmental Panel on Climate Change. He said climate policy has almost nothing to do anymore with environmental protection. The goal of "climate policy is redistributing the world's wealth," he said. During the IPCC convention in Switzerland, Edenhoffer unveiled a study that demonstrated a correlation between the production of greenhouse gas emissions and the growth of the world economy. "So far economic growth has gone hand in hand with the growth of greenhouse gas emissions," he said. "One percent growth means one percent more emissions." Only one conclusion can be drawn from this speech. The goal of climate policy is to slow the growth of the world's economy and as an unintended consequence everyone's standard of living will be reduced. While this may not to be terrible in developed nations, emerging nations will suffer greatly. The growth of all nations will be retarded and wealthy nations will be unable to provide support to poor ones. The choice is clear. Climate change has not only been proved to be poor science, but it is also proving to be an inferior economic and political policy as well. Until alternative forms of energy are more plentiful, reliable and less expensive, our failure to use fossil fuel is not only foolish, but economically untenable for the future of the planet. If you have any doubt you can read all this at