by Gregg Gethard Do the benefits outweigh the costs? [...]
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The head of the world’s carbon trading association has urged Australian businesses and consumers to focus on the benefits of an emissions trading scheme and to make some decisions ahead of the international meeting in Copenhagen. …[...] You don’t often hear people talk up the benefits of global warming but there appears to be at least one upside —commercial ships traveling the Arctic waters above Russia can now make the voyage sans icebreakers. According to Reuters:…[...] (These numbers include the cost of compliance with a cap-and-trade program,but not the benefits that might come from reducing carbon emissions — so it’s hard to compare these numbers to the cost households would bear in the total …[...] (These numbers include the cost of compliance with a cap-and-trade program,but not the benefits that might come from reducing carbon emissions — so it’s hard to compare these numbers to the cost households would bear in the total …[...] Mr Lilley,a former Trade Secretary,said he accepted a reduction in global warming would cost a lot. But in a letter to Mr Miliband he said:‘When it comes to your revised estimates of the benefits we enter Alice in Wonderland …[...] This begets the question:Can humans really change greenhouse gas concentrations enough to prevent global warming and damaging storms? Often policymakers ignore the costs and overestimate the benefits when evaluating global-warming …[...] | |||||