Climate change comes with a high price

Interesting guest column today in the Washington Post, written by Bjorn Lomborg, director of the Copenhagen Consensus Center and the author of "Cool It: The Skeptical Environmentalist's Guide to Global Warming."

Click on the link above to read the whole article, which is very interesting, but below are some excerpts that we found particularly interesting.

...Imagine for a moment that the fantasists win the day and that at the climate conference in Copenhagen in December every nation commits to reductions even larger than Japan's, designed to keep temperature increases under 2 degrees Celsius. The result will be a global price tag of $46 trillion in 2100, to avoid expected climate damage costing just $1.1 trillion, according to climate economist Richard Tol, a contributor to the Intergovernmental Panel on Climate Change whose cost findings were commissioned by the Copenhagen Consensus Center and are to be published by Cambridge University Press next year....

...Today, coal accounts for almost half of the planet's electricity supply, including half the power consumed in the United States. It keeps hospitals and core infrastructure running, provides warmth and light in winter, and makes lifesaving air conditioning available in summer. In China and India, where coal accounts for more than 80 percent of power generation, it has helped to lift hundreds of millions of people out of poverty.
There is no doubt that coal is causing environmental damage that we need to stop. But a clumsy, radical halt to our coal use -- which is what promises of drastic carbon cuts actually require -- would mean depriving billions of people of a path to prosperity.
To put it bluntly: Despite their good intentions, the activists, lobbyists and politicians making a last-ditch push for hugely expensive carbon-cut promises could easily end up doing hundreds of times more damage to the planet than coal ever could.