National Review editorial: “Losing with ACES,” on American Clean Energy and Security Act of 2009
NRO:
The bill represents a terrible deal for American taxpayers. According to the Environmental Protection Agency, ACES is projected to impose costs averaging about $1,100 each year on every American household by 2050. What do we get in return? Even if the law works precisely as intended - not very likely - the grand result will be that, a century from now, we should expect surface temperatures to be a about one-tenth of one degree Celsius lower than they otherwise would be. Of course global warming will impose costs, but the expected costs of ACES are at least ten times the program’s expected benefits, even using the EPA’s cost estimates and assuming the full achievement of its goals.
Related Posts:
- James Manzi — Dear Senator: Why you should vote against cap-and-trade
- Congressman: Environmental Oppression You Can Count On
- CNS News: EPA Awards $800,000 in ‘Environmental Justice’ Grants
- Evidence shows EPA suppressed internal report skeptical of global warming: CNET news
- WSJ: Chamber of Commerce Details Opposition to Waxman-Markey Bill
