Monday, April 25, 2016

Carbon Decisions

Global temperatures haven't risen in 19 years; no category 3-5 hurricane has struck the U.S. in a record 10 years; sea levels are rising at barely 7 inches per century; and Greenland and Antarctic ice are at record levels.

More than 2,400 coal-fired power plants are under construction or planned around the world. China and India will not consider reducing greenhouse gas emissions (GHG emissions) until 2030.
The EPA's own analyses suggest that its fully implemented Clean Power Plan would bring an undetectable, irrelevant reduction of perhaps 0.05 degrees F in average global temperatures 85 years from now — assuming that carbon dioxide actually does drive climate change.

But regardless of the climate debate, carbon fuel has a known, direct corollary. The major, undeniable effect of carbon fuel and emissions is growth and prosperity. Carbon and hydrocarbon energy still provide 81% of world energy, and support $70 trillion per year in world GDP. Cheap energy allows for less expensive production. And wealth. Some governments want to raise the price of that energy. To make that cheap energy expensive will cause a decrease in growth and prosperity somewhere and to some people.
 
Okay. Where and who?

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