By Institute for Energy Research —— Bio and Archives--September 12, 2009
Global Warming-Energy-Environment | Comments | Back To Full Article
The Institute for Policy Integrity (IPI) has released a new study [.pdf] touting the economic rationale of the Waxman-Markey climate bill. Titled “The Other Side of the Coin,” the study decries the tendency of recent analyses to focus just on the economic damages of Waxman-Markey, while ignoring all of the alleged benefits that would accrue from reduced emissions of greenhouse gases. The IPI study concludes that “the benefits of H.R. 2454 could likely exceed the costs by nine-to-one, or more” (p. 2).
There are so many problems with the IPI’s approach that it’s hard to know where to begin.
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