President Barack Obama’s plan to fight global warming will cost Americans $73 billion a year and avoid less than two-tenths of a degree Celsius of projected warming, according to a new report on what it would cost the U.S. to comply with a potential United Nations treaty.
Obama promised to reduce U.S. carbon dioxide emissions 26 to 28 percent by 2025. This was meant to get a pledge for China to peak emissions by 2030 and galvanize support for a U.N. climate treaty. But living up to Obama’s emissions pledge will cost Americans.
