Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
Although global warming has been described as the greatest threat facing mankind, the policies designed to address global warming actually pose a greater threat. The international and domestic policies to ration carbonbased energy would do—and are doing—little to slow carbon dioxide (CO2) emissions, but would have enormous costs. These costs would fall most heavily on poor people in this country and on the world’s poorest nations. The correct approach is not energy rationing, but rather long-term technological transformation and building resiliency in developing societies by increasing their wealth.