Fossil-fuel producers say that it would be prohibitively expensive to reduce levels of carbon dioxide emitted by the use of fossil fuels enough to halt global warming. This claim is probably false. Several years ago, the chemical industry said that finding an economical alternative to the chlorofluorocarbons (CFCs) destroying the ozone layer would be impossible. Yet once the industry was forced, by international agreements, to find substitutes for CFCs, it managed to phase them out completely well before the mandated deadline, in many cases at a profit.
The statement that there are ways of reducing carbon dioxide emissions that could halt global warming without hurting profits of fossil-fuel producers significantly more than phasing out CFCs hurt those of the chemical industry most strengthens the argument.