Paul Krugman’s recent column, “An Affordable Salvation,”
gushes about how, now that the “junk science”-loving (and Nazi-hugging)
former occupant of the White House is gone, we can finally start saving
the planet. And it won’t cost much, either! That is, if only we can
get cap-and-trade skeptics to stop practicing “junk economics.”
“The best available estimates,” according to Krugman, suggest that
turning industrial civilization green will basically be painless, and
in the end will actually be good for us. Perhaps his “best available
estimates” include the recent, breathless press release
from the Environmental Defense Fund: “For about a dime a day we can
solve climate change, invest in a clean energy future, and save
billions in imported oil.” New EDF slogan: Saving the planet and 90
cents will get you a cup of coffee!
In the Rube Goldberg scheme of alternative energy sources, permits,
taxes, carbon credit swapping, and rebates known as “cap-and-trade,” I
count at least six additional charges consumers will directly or
indirectly face. First, there is the cost of less efficient
“green” energy production, which will be passed on to consumers.
Second, there is the charge for emissions permits, which will also be
passed on to consumers. read more »