September 30, 2008
Global warming: why cut one 3000th of a degree? - Times Online- Topic: global warming news
Many of the proffered global warming
policies are designed to help politicians bathe in the warm glow of good intentions, with little or no regard to the mounting costs and infinitesimal benefits. The cost of implementing Kyoto, taking the average figure from the various top macroeconomic models, would have been almost £100 billion annually for the rest of the century. With the best-case scenario the huge UK effort means that the temperature at the end of the century would be 2. This is the equivalent of delaying the temperature increase by the end of the century by a little less than a week. If one imagines that the reductions could be sustained across the century (which presumably would also call for five repeated investments of hundreds of billions of pounds), the effect is still very small - a temperature reduction of about one six-hundredth of a degree. To make a simple comparison, the UN estimates that for about £40 billion annually, we could solve all major basic problems in the world - we could give clean drinking water, sanitation, basic education and healthcare to every person in the world.
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