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Overview. Alarm over the prospect of the Earth warming is not warranted by the agreed science or economics of the issue. Global warming is happening and man is responsible for at least some of it. Yet this does not mean that global warming will cause enough damage to the Earth and humanity to require drastic cuts in energy use, a policy that would have damaging consequences of its own. Moreover, science cannot answer questions that are at heart economic or political, such as whether the Kyoto Protocol is worthwhile. This paper summarizes current genuine issues in global warming research and seeks to set the record straight on scare stories that have been exaggerated by the media and vested interests such as environmental pressure groups.