The Costs of Kyoto

Bjorn Lomborg writes:

Global warming is real and caused by CO2. The trouble is that the climate models show we can do very little about the warming. Even if everyone (including the United States) did Kyoto and stuck to it throughout the century, the change would be almost immeasurable, postponing warming by just six years in 2100.

Likewise, the economic models tell us that the cost is substantial. The cost of Kyoto compliance is at least $150billion a year. For comparison, the UN estimates that half that amount could permanently solve the most pressing humanitarian problems in the world: it could buy clean drinking water, sanitation, basic health care and education to every single person in the world.