Paul Krugman: Cheap Climate Protection

[Playinghardball]

The U.S. Chamber of Commerce just came out with its preemptive strike against Obama administration regulations on power plants. What the Chamber wanted to do was show that the economic impact of the regulations would be devastating. And I was eager to see how they had fudged the numbers.

But a funny thing happened on the way to the diatribe. The Chamber evidently made a decision that it wanted to preserve credibility, so it outsourced the analysis. And while it tries to spin the results, what it actually found was that dramatic action on greenhouse gases would have surprisingly small economic costs.

More here: http://krugman.blogs.nytimes.com/2014/05/28/cheap-climate-protection/?_php=true&_type=blogs&_php=true&_type=blogs&_r=1&

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