Friday, October 21, 2011

Climate change news: good, bad, and ugly

Good! California adopts cap and trade for greenhouse gases. California alone cannot make much of a dent in global warming, but we can demonstrate that life will go on pretty much as usual after cap and trade. The great state of CA will still be vibrant, growing, diverse, and politically dysfunctional.

Bad: No matter how carefully you massage the surface temperature data, global warming is happening, and fast, confirming the data reported by NASA and other reliable sources. And this research comes from a one-time climate change questioner, if not a denier.

Ugly: Economists prove that coal sucks. These are not your tree-hugger economists, if such exist. These are distinguished, hard-nosed microeconomists who have leaned toward the "don't do too much too fast" view on climate policy.

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