The Costs of Kyoto
10 May 2006
Editor, The Washington Post
1150 15th St., NW
Washington, DC 20071
Dear Editor:
Cass Sunstein's argument for U.S. funding of the Kyoto Protocol is anemic ("It"s Only $300 Billion," May 10). The fact that his war in Iraq costs Uncle Sam about what he'd pay to fund Kyoto, and the fact that this war seems to be futile, is hardly reason for the U.S. to sign the Kyoto Protocol. As Sunstein himself said in his 2005 book, Laws of Fear, "even for the world, the Kyoto Protocol appears to impose costs in excess of benefits - and this is so even if improbable catastrophic risks are taken into account."*
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
* Cass R. Sunstein, Laws of Fear (Cambridge University Press, 2005), p. 171.
Editor, The Washington Post
1150 15th St., NW
Washington, DC 20071
Dear Editor:
Cass Sunstein's argument for U.S. funding of the Kyoto Protocol is anemic ("It"s Only $300 Billion," May 10). The fact that his war in Iraq costs Uncle Sam about what he'd pay to fund Kyoto, and the fact that this war seems to be futile, is hardly reason for the U.S. to sign the Kyoto Protocol. As Sunstein himself said in his 2005 book, Laws of Fear, "even for the world, the Kyoto Protocol appears to impose costs in excess of benefits - and this is so even if improbable catastrophic risks are taken into account."*
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
* Cass R. Sunstein, Laws of Fear (Cambridge University Press, 2005), p. 171.
Posted by Don Boudreaux on
Friday February 23, 2007 at 3:16pm