Obama Saves the World: World's Carbon Footprint Diminishes Rapidly

There's a catch:

From the United States to Europe to China, the global economic crisis has forced offices to close and factories to cut back. That means less use of fossil fuels such as coal to make energy. Fossil-fuel burning, which creates carbon dioxide, is the primary human contributor to global warming. A recession-driven drop in emissions “is good for the environment,” says Emilie Mazzacurati of Point Carbon, an energy research company.

Cost of the Lieberman-Warner cap-and-tax scheme? $4.8 trillion to the American economy by 2030.

Of course, if you just impose those costs on the economy anyway, as Obama is doing, you can reduce carbon output without any new laws.

Win-win. Or something.

posted by Ace at 11:16 AM

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