But doesn't this mean that our grandchildren are doomed to perish in a CO2-induced conflagration?

Local News | State pursuing pared-down climate change agenda | Seattle Times Newspaper

SEATTLE — Recognizing a tough budget situation, the state is planning to pursue a less aggressive plan to curb climate change than many had hoped.
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But some of the ambitious recommendations put forth by a task force Gov. Chris Gregoire established last year likely won't be pursued when the Legislature convenes next month.
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Concerned about the bad economy and pressure on businesses, Gregoire is leaning toward giving away most of the pollution credits, rather than auctioning them off as environmentalists had hoped.

The governor's proposed budget includes about $25 million for climate change, including money to add solar panels to three state prisons, increase the energy efficiency of public buildings and fund anaerobic digesters to reduce waste. There's also money in the proposed spending plan to increase vanpools.
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Eric de Place, a senior researcher with Sightline Institute, a Seattle think tank, said he was disappointed that the state plans to auction off only 10 percent of the pollution credits and give the rest away for free.