Global Warming Economics

Global Warming Economics

Facts vs. Myths
June 19, 2008

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Facts vs. Myths: Iain Murray debunks the central global warming policy myths, and proposes an alternative way forward.

The ongoing debate over global warming is as much about economics as about climate science. Climate change mitigation strategies invariably carry costs that must be considered before any policy is implemented. The climate change mitigation policies being proposed by former Vice President Al Gore and some U.S. Senators fail to take those costs into account.

Unfortunately, such obliviousness to real costs dominates the climate change debate. Part of the blame for this must be placed on a series of myths that permeate the debate. The following debunks the central global warming policy myths, and proposes an alternative way forward.