Here is the Obama administration’s green strategy reduced to one damning equation.
19 million jobs lost plus $4.335 trillion spent = a reduction in global mean temperature of 0.018 degrees C.
Yes. Horrifying but true. These are the costs to the US economy, by 2100, of the Environmental Protection Agency’s regulatory war on carbon dioxide, whereby all states must reduce emissions from coal-fired electricity generating plants by 30 per cent below 2005 levels.
A U.S. Chamber of Commerce study calculates that the new regulations will cost our economy another $51 billion annually, result in 224,000 more lost jobs every year, and cost every American household $3,400 per year in higher prices for energy, food and other necessities. Poor, middle class and minority families – and those already dependent on unemployment and welfare – will be impacted worst. Those in a dozen states that depend on coal to generate 30-95% of their electricity will be hit especially hard.
Millions of Americans will endure lower quality of life and be unable to heat or cool their homes properly, pay their rent or mortgage, or save for college and retirement. They will suffer from greater stress, worse sleep deprivation, higher incidences of depression and alcohol, drug, spousal and child abuse, and more heart attacks and strokes. As Senator Joe Manchin (D-WV) points out, “A lot of people on the lower end of the socio-economic spectrum are going to die.”
But surely, surely, for all this misery and expense we’re going to be rewarded with fantastical benefits, possibly up to and including the salvation of the entire world from catastrophic man-made global warming?
Nope. Not according climatologists “Chip” Knappenberger and Pat Michaels:
Using a simple, publically-available, climate model emulator called MAGICC that was in part developed through support of the EPA, we ran the numbers as to how much future temperature rise would be averted by a complete adoption and adherence to the EPA’s new carbon dioxide restrictions*.
The answer? Less than two one-hundredths of a degree Celsius by the year 2100.
0.018°C to be exact.