While some scientists may still disagree as to whether or not greenhouse gas emissions caused by human activities are largely…
In his last quarterly newsletter, Grantham devotes pages 7 and 8 to the issue of climate change (Everything You Need to Know About Global Warming in 5 Minutes). It’ is educational to read. He describes the climate change science in simple terms and backs it up with common sense conclusion
Moreover, such an approach will lead to a patchwork of different rules in different states, to the great expense and annoyance of many firms. Adding to the confusion and uncertainty will be the chance that a more sweeping federal law might eventually be enacted, if the political winds change once more. That may leave big energy firms regretting their opposition to cap and trade.