Kerry smacks down Inhofe’s lies about the cost of climate policy 1

At today’s hearing on the Kerry-Boxer bill, Sen. Inhofe (R-Okla.) was spouting the usual lies about the high cost of the policy. Kerry responded:

That’s good, but he could have said so much more. Even with those shortcomings of economic models, the costs turn out to be “modest,” in CBO chief Doug Elmendorf’s words.

For more on why economic models overestimate the cost and underestimate the benefits of green policy see: “Why we overestimate the costs of climate change legislation.”

David Roberts is staff writer for Grist. You can follow his Twitter feed at twitter.com/drgrist.

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  1. paulina Posted 2:43 pm
    27 Oct 2009

    Someone really needs to figure out how to talk about this stuff in a way that simply doesn't give us the option to leave out large parts of the picture/puzzle every time.

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