Global Warming - Costs and Disbenefits

Over the years the Global Warming movement has produced various economic studies on climate change, including some alleged cost/benefit analyses, or CBA's.. (see HERE and HERE and HERE and HERE and HERE and HERE)

For the most part, these CBA's "weigh the consequences of the projected increases in carbon emissions versus the costs of current policy actions to stabilize CO2 emissions" (see HERE)--or in other words, they compare the projected benefit of decreased CO2 emissions vs the cost of decreasing those emissions, and not surprisingly, they have concluded that the benefits far outweigh the costs, and that action is economically and morally imperative. They suppose that liberal governments must rescue the planet from pending doom.

In spite of claims that the "science is settled", some scientist believe that global warming is actually a benefit rather than a cost (see HERE), thus turning previous CBA's on their head.

Others believe that the CBA's were misleading--shocking, I know. (see HERE)

Nevertheless, even though the chicken little cacophony on  global warming continues unabated today, we can now look back over several decades since the hue and cry went up, to see not only how accurate were the predictions upon which the CBA's were made, but also look at the amount of money spent on climate change compared with the results.

Evidence suggests that the models used to make the catastrophic projections have failed to match reality. (see HERE and HERE and HERE and HERE and HERE and HERE and HERE), thereby seriously compromising the CBA's.

This is made all the more apparent by the cost/benefit analysis I performed. (see above). We've spent more than $200 billion on climate change over the last 12 years (see HERE), which is twice as much as spent each year on boarder security, thus indicating priorities.

. And, this is a drop in the bucket compared to were congress not to have stopped Cap and Trade--i.e. the largest project in government history. (see HERE).

This also doesn't factor in private, or "dark" money, which dwarfs skeptic research. (see HERE)

World-wide, "the global climate change industry is worth $1.5 trillion, or $4 billion a day. (see HERE) Worst Deal in History: $1.5 Trillion a Year to Reduce Global Warming by .048 degrees Celsius.

Chaching!

What do we have to show for it? Well, CO2 levels have continued to climb to record levels. (see HERE)

Sea levels are up. (see HERE)

And, global temperatures have recently set records. (see HERE)

So much for the alleged attempts to "heal the planet." (see HERE)

Evidently, for the climate televangelists, it is all about the money. (see HERE and HERE and HERE and HERE and HERE)

And here you thought the Solyndra boondoggle was bad (see HERE and HERE and HERE)

/See also HERE and HERE and HERE and HERE and  HERE and HERE and HERE and HERE and HERE and HERE