Gateway Pundit has the story here.
He cites Heritage Foundation research for these figures:
Perhaps the most alarming part is the price tag associated with attempting to reduce such a small part of the atmosphere and something we really cannot control. Our analysis shows the cumulative GDP losses for 2010 to 2029 approach $7 trillion. Single-year losses exceed $600 billion in 2029, more than $5,000 per house¬hold. Job losses are expected to exceed 800,000 in some years, and exceed at least 500,000 from 2015 through 2026. It is important to note that these are net job losses, after any jobs created by compliance with the regulations–so-called green jobs–are taken into account. In total, the “climate revenue” (read: energy tax) could approach two trillion over eight years. Keep in mind, this is all for negligible environmental benefits.
The Heritage Foundation piece also makes clear how much of an impact this will have on the planet’s temperature:
Out of the entire atmospheric makeup, only one to two percent is made up of greenhouse gases with the majority being nitrogen (about 78 percent) and oxygen (about 21 percent). Of that two percent, “planet-killing” carbon dioxide comprises only 3.62 percent while water vapor encompasses 95 percent. And of the amount of carbon dioxide in the atmosphere, humans cause only 3.4 percent of annual CO2 emissions.
They have a nice graph that shows these numbers.
Ace of Spades also has nice graphs of solar activity and how well it coorelates to planetary temperature. You know, exactly in the way that CO2 doesn’t. (And Ace has a graph for that, too).
Further reading
I blogged about the United Nations’ plan to stop global warming with global wealth redistribution here. More on how much your energy prices will rise, the democrats plan to impose carbon-tariffs on imports, scientific dissent from catastrophic anthropogenic global warming, Al Gore’s refusal to debate and Obama’s plan to raise taxes on oil production.
WINTERY KNIGHT 