Good Neighbor Law


Global Climate Change: June 9, 2009

'Carbon offsets: a con for our time' -- Economist mocks Climate Bill: 'The scheme is a total con...Emissions will not be reduced!'
Marc Morano

Writing at the FT, London School of Economics economist William Buiter calls the American Clean Energy and Security Act of 2009 (otherwise known as Waxman-Markey) "a total con": [Under ACES] emissions will not be reduced. But that is inconsistent with the supposed desire to reduce emissions to 83 percent of their 2005 level by 2020 and to 17 percent of the 2005 level by 2050. Except that is it not inconsistent if there is no intention to reduce emissions at all, but instead every intention to permit them to be raised above their 2005 levels. And that is of course what is going on. More at www.ClimateDepot.com Marc Morano ClimateDepot.com CFACT 1875 Eye Street, NW Fifth Floor Washington, D.C. 20006 202-536-5052 Morano@ClimateDepot.com


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