Why cut GDP growth over the century by 12-13% when the costs of adaptation will be much lower (“the majority of economic models show that unconstrained global warming would cost rich nations around 2% of GDP and poor countries around 5% …[...]
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Reality:The United States has successfully operated cap-and-trade systems. The Federal Acid Rain Program employed a sulfur emissions cap–and-trade system that produced a 50 percent cut in emissions,at much lower cost and greater …[...] | |||||