Neil S wrote:
That conservative MEPs are suppporting the new EU climate plan is one of the tragedies of the age. Not only are the targets too high but the instruments to achieve them(proposed) are mind bogglingly complex or put another way, the govts have got their hands all over them. If something like William Nordhaus's optimal tax plan was introduced, we probably wouldn't even notice it. For example a $10 per ton carbon tax would only put about 2c onto a litre of fuel. It would have little or no impact on consumption in the near term and although it would rise to $200 per ton by 2100, emissions would likely only be reduced by 20% below 'business as usual' this century.
This is why the EU is mandating renewables along with high targets and the more it's policies are removed from the conventional economic remedy the less effective will it be a solving the actual problem or in advancing human welfare.
It's a tradgedy that any
politicians, let alone conservative MEPs, have anything to do with this whole AGW nonsense.
Neil S wrote:
... solving the actual problem or in advancing human welfare.
That actual problem is that there isn't one, or rather the case has not been made for one, and that rabid secular-religious nutters are using this pseudo-problem of AGW to further their loony agendas. Any kind of economic remedy, conventional or otherwise, is no remedy at all.
The remedy is to get some sense into these idiots.