The real cost of 'fighting' 'global warming'
From
The Weekly Standard:
Claim: Germany Spends $110 Billion to Delay Global Warming by 37 Hours
Bjorn Lomborg claimed on John Stossel's television show last night that money isn't being spent well to combat "global warming".
"The Germans are spending about $110 billion on subsidies for these solar panels," said Lomborg. "The net effect of all those investments will be to postpone global warming by 37 hours by the end of the century."
"All those billions, for 37 hours delay?," asked Stossel.
"Yeah," said Lomborg, "so remember them in [the year] 2100 and say, 'Wow.'"
Stossel clarified, "You believe in global warming and man-made--"
"Global warming is real," said Lomborg, "and it is we need to fix. But we should fix it smartly, and not in a very, very costly way as we're doing it now. Germany is probably spending $660 for every ton of CO2 they're cutting."
The $110 billion was not wasted -- a couple crony capitalists became very rich. They invested a couple hundred million into campaign contributions and were fast-tracked for cheap government loans and subsidies for the $110 billion. This ripoff was sugar-coated by saying it was for Global Warming and the Environment.
Posted by DaveH at March 30, 2013 8:47 PM