Tag Archives: Carbon

New Heritage Foundation study says cap-and-trade will kill jobs and the economy

New study from The Heritage Foundation, my favorite think tank! (H/T Hot Air)

This image tells all:

Job losses per year if cap and trade passes.
Job losses per year if cap and trade passes.

Summary of the effects: (adjusted for inflation to 2009 dollars)

  • Cumulative gross domestic product (GDP) losses are $9.4 trillion between 2012 and 2035;
  • Single-year GDP losses reach $400 billion by 2025 and will ultimately exceed $700 billion;
  • Net job losses approach 1.9 million in 2012 and could approach 2.5 million by 2035. Manufacturing loses 1.4 million jobs in 2035;
  • The annual cost of emissions permits to energy users will be at least $100 billion by 2012 and could exceed $390 billion by 2035;
  • A typical family of four will pay, on average, an additional $829 each year for energy-based utility costs; and
  • Gasoline prices will rise by 58 percent ($1.38 more per gallon) and average household electric rates will increase by 90 percent.

FYI, current GDP is around 14 trillion per year. The current labor force is around 130 million (non-farm).

New peer-reviewed paper in Science should end the global warming debate

Here is the link to the published paper in Science. (H/T Watts Up With That via ECM)

Excerpt from the press release:

CORVALLIS, Ore. – A team of researchers says it has largely put to rest a long debate on the underlying mechanism that has caused periodic ice ages on Earth for the past 2.5 million years – they are ultimately linked to slight shifts in solar radiation caused by predictable changes in Earth’s rotation and axis.

In a publication to be released Friday in the journal Science, researchers from Oregon State University and other institutions conclude that the known wobbles in Earth’s rotation caused global ice levels to reach their peak about 26,000 years ago, stabilize for 7,000 years and then begin melting 19,000 years ago, eventually bringing to an end the last ice age.

The melting was first caused by more solar radiation, not changes in carbon dioxide levels or ocean temperatures, as some scientists have suggested in recent years.

“Solar radiation was the trigger that started the ice melting, that’s now pretty certain,” said Peter Clark, a professor of geosciences at OSU. “There were also changes in atmospheric carbon dioxide levels and ocean circulation, but those happened later and amplified a process that had already begun.”

That should be the end of global warming alarmism, but it won’t be, because this whole brouhaha isn’t about science. It’s about money and power. The power to control other people. The power to control the free market. So it doesn’t matter if solar radiation cycles cause global warming as a matter of fact, because facts don’t decide here.

Here’s a helpful quote from the neo-Darwinian George Gaylor Simpson that ECM sent me from Uncommon Descent:

The verdict of paleontologists is practically unanimous: almost all agree in opposing [Alfred Wegener’s hypothesis that the continents used to be one land mass and have since drifted apart]… The fact that almost all paleontologists say that the paleontological data oppose the various theories of continental drift should, perhaps, obviate further discussion of this point … It must be almost unique in scientific history for a group of students admittedly without special competence in a given field thus to reject the all but unanimous verdict of those who do have such competence.

George Gaylord Simpson, “Mammals and the Nature of Continents”, American Journal of Science 241 (1943): 1-31, p. 2.

Yes, there was a time when the consensus of scientists was against the theory of continental drift. Something to keep in mind.

CORVALLIS, Ore. – A team of researchers says it has largely put to rest a long debate on the underlying mechanism that has caused periodic ice ages on Earth for the past 2.5 million years – they are ultimately linked to slight shifts in solar radiation caused by predictable changes in Earth’s rotation and axis.

In a publication to be released Friday in the journal Science, researchers from Oregon State University and other institutions conclude that the known wobbles in Earth’s rotation caused global ice levels to reach their peak about 26,000 years ago, stabilize for 7,000 years and then begin melting 19,000 years ago, eventually bringing to an end the last ice age.

The melting was first caused by more solar radiation, not changes in carbon dioxide levels or ocean temperatures, as some scientists have suggested in recent years.

“Solar radiation was the trigger that started the ice melting, that’s now pretty certain,” said Peter Clark, a professor of geosciences at OSU. “There were also changes in atmospheric carbon dioxide levels and ocean circulation, but those happened later and amplified a process that had already begun.”

India rejects global warming alarmism

Story from FT.com. (H/T Babalu Blog via ECM)

Excerpt:

A split between rich and poor nations in the run-up to climate-change talks widened on Thursday.

India rejected key scientific findings on global warming, while the European Union called for more action by developing states on greenhouse gas emissions.

Jairam Ramesh, the Indian environment minister, accused the developed world of needlessly raising alarm over melting Himalayan glaciers.

He dismissed scientists’ predictions that Himalayan glaciers might disappear within 40 years as a result of global warming.

“We have to get out of the preconceived notion, which is based on western media, and invest our scientific research and other capacities to study Himalayan atmosphere,” he said.

“Science has its limitation. You cannot substitute the knowledge that has been gained by the people living in cold deserts through everyday experience.”

Methinks it’s time to review my investment portfolio.