'Green' price tag: $700 trillion to drop Earth's temp 1 degree
New calculations applied to a U.S. Senate report reveal the Environmental Protection Agency's plan to combat global warming through regulation of greenhouse gases would theoretically take over $700 trillion, seven times the world's gross production, to drop the earth's temperature only 1 degree Celsius.
And the net effect of the greenhouse gas regulations that the Republican senators are decrying?
The EPA calculates in 75 Federal Register 25,495: "Global mean temperature is estimated to be reduced by 0.006 to 0.015 degrees Celsius by 2100."
So in effect, by the year 2100, 90 years worth of $78 billion per year in spending â€“ a total of over $7 trillion dollars â€“ would have lowered the earth's temperature by about one-hundredth of a degree Celsius....