Post by KNOWTHIS on May 15, 2006 9:26:28 GMT -5
I don't know what to make of the Kyoto Protocol because I haven't studied well enough but this article makes a good point about Bush contradictions pertaining to costs.
www.timesunion.com/AspStories/story.asp?storyID=481498
War costs cause a climate change
For the United States, the cost of the Iraq war will soon exceed the anticipated cost of the Kyoto Protocol, the international agreement designed to control greenhouse gases. For both, the cost is somewhere in excess of $300 billion.
These numbers show that the Bush administration was unrealistically optimistic in its prewar prediction that the total cost would be about $50 billion.
And the same numbers raise questions about the Bush administration's claim that the cost of the Kyoto Protocol would be prohibitive, causing (in President Bush's own words) "serious harm to the U.S. economy."
With respect to the Iraq war, careful estimates come from Scott Wallsten, a former member of the President's Council of Economic Advisers who is now at the American Enterprise Institute. Writing at the end of 2005, Wallsten estimated the aggregate American cost at about $300 billion. With the costs incurred since then, and an anticipated appropriation soon, the total will exceed $350 billion.
With respect to the Kyoto Protocol, the most systematic estimates come from William Nordhaus and Joseph Boyer of Yale University. Writing in 2000, they offered a figure of $325 billion for the United States, designed to capture the full costs of compliance over many decades. This staggeringly large figure helped support Kyoto skeptics in the Bush administration and elsewhere, who argued that the benefits of the agreement did not justify its costs.
For the world as a whole, the comparison between the Iraq war and the Kyoto Protocol is even more dramatic. The worldwide cost of the war is already much higher than the anticipated worldwide cost of the Kyoto Protocol -- possibly at least $100 billion higher.
The worldwide cost of the war now exceeds $500 billion, a figure that includes the cost to Iraq (more than $160 billion) and to non-American coalition countries (more than $40 billion). For the Kyoto Protocol, full compliance is projected to cost less than $400 billion, because the United States would bear most of the aggregate costs.
Funny how people always in frame issues in terms of monetary costs. It's almost like deciding not to treat your child's terminal illness because it costs too much.
www.timesunion.com/AspStories/story.asp?storyID=481498
War costs cause a climate change
For the United States, the cost of the Iraq war will soon exceed the anticipated cost of the Kyoto Protocol, the international agreement designed to control greenhouse gases. For both, the cost is somewhere in excess of $300 billion.
These numbers show that the Bush administration was unrealistically optimistic in its prewar prediction that the total cost would be about $50 billion.
And the same numbers raise questions about the Bush administration's claim that the cost of the Kyoto Protocol would be prohibitive, causing (in President Bush's own words) "serious harm to the U.S. economy."
With respect to the Iraq war, careful estimates come from Scott Wallsten, a former member of the President's Council of Economic Advisers who is now at the American Enterprise Institute. Writing at the end of 2005, Wallsten estimated the aggregate American cost at about $300 billion. With the costs incurred since then, and an anticipated appropriation soon, the total will exceed $350 billion.
With respect to the Kyoto Protocol, the most systematic estimates come from William Nordhaus and Joseph Boyer of Yale University. Writing in 2000, they offered a figure of $325 billion for the United States, designed to capture the full costs of compliance over many decades. This staggeringly large figure helped support Kyoto skeptics in the Bush administration and elsewhere, who argued that the benefits of the agreement did not justify its costs.
For the world as a whole, the comparison between the Iraq war and the Kyoto Protocol is even more dramatic. The worldwide cost of the war is already much higher than the anticipated worldwide cost of the Kyoto Protocol -- possibly at least $100 billion higher.
The worldwide cost of the war now exceeds $500 billion, a figure that includes the cost to Iraq (more than $160 billion) and to non-American coalition countries (more than $40 billion). For the Kyoto Protocol, full compliance is projected to cost less than $400 billion, because the United States would bear most of the aggregate costs.
Funny how people always in frame issues in terms of monetary costs. It's almost like deciding not to treat your child's terminal illness because it costs too much.