The Big Secret: Climate Bills Result in No Meaningful Impact on Global Temperature

Note this post at World Climate Report.

An excerpt:

Recall that EPA calculates that the climate bills will reduce future atmospheric CO2 concentrations by 23 to 25 ppm. That is about 60% of the reduction calculated by Wigley for his global Kyoto scenario. Since the temperature savings scales roughly with the CO2 concentration savings (especially at these small quantities), the climate bills “save” about 60% of 0.15ºC or just less than one tenth, that’s 0.1, degrees Celsius.

One tenth of one degree Celsius for an enormous economic hit—the EPA calculated that S.280 (Lieberman-McCain) would lower the U.S. GDP annually by 1.1% to 3.2% ($457 billion to $1,332 billion) by the year 2050. EPA’s analysis of the economic effects of the other bills has not been completed yet (see here for updates).

That’s a lot of lost capital to produce virtually no climate impact. No polar bears are saved, no droughts averted, no hurricanes tamed. Nada. Except, a lot less cash in the pocketbook.

When it comes down to it, these facts will make this a hard sell to the American populace at large.