Even if one accepts WG2′s estimate that a “further warming of 2°C could cause loses equivalent to 0.2-2 per cent of world gross domestic product,” that is “about as bad as losing one year of economic growth” in half a century, Tol notes. In contrast, since the start of the Eurozone financial crisis, the income of the average Greek has fallen more than 20%.
After noting that climate change is not even the biggest environmental problem (indoor air pollution has killed 260 million people — more than all the wars of the 20th century combined, Bjorn Lomborg estimates), Tol points out that the best protection from climate-related risk is economic growth and the institutions that facilitate it.'
Dr. Happer and Dr. Lindzen summarize: “Misrepresentation, exaggeration, cherry picking or outright lying pretty much covers all the so-called evidence marshalled in support of the theory of imminent catastrophic global warming caused by fossil fuels and CO2.”
Wash Post: An entire supply chain of rare minerals, semiconductors, batteries and financing has to fall into place before Americans give up their combustion engines. ... And some money will go to projects that never materialize or fail altogether. The 2009 stimulus bill, the largest investment in clean energy before the new bill, created a clean energy loan program that infamously funded the failed solar start-up Solyndra, which became an embarrassment for the Obama administration. And it poured billions of dollars into a high-speed-rail system in California that has still not come to fruition.