While I intend to continue writing articles relating to the hysteria surrounding the myth of man-made global warming, I have decided to also do a “global warming wrap up” one or two times a week, because quite frankly there is too much information out there for me to write about it all individually.

This week we have reports of what emissions controls are expected to cost in Europe. In New Zealand

WELLINGTON, April 30 (Xinhua) — The New Zealand government’s proposed emissions trading scheme could cost 22,000 jobs, according to a report released by the New Zealand Institute of Economic Research on Wednesday.

The institute said that by 2012 the scheme would reduce gross domestic product by 800 million NZ dollars (626 million U.S. dollars) and reduce employment by 22,000 jobs.

By 2025, there would be a 4.6 billion NZ dollars cut in gross domestic product, and an average reduction in wages of 6.7 percent.

But it said emissions would not be cut significantly, and a quarter of the emissions cuts that were achieved would come from companies leaving New Zealand and doing business offshore.

I suppose that is one way to reduce a countries carbon footprint, but is that really what we want in America? We have already seen enough of our jobs going overseas so companies could pay lower wages and lower taxes, do our elected leaders really think offering them another incentive to go offshore is a wise thing to do?

The most talked about scheme here in America for reducing emissions is a cap and trade system. Let’s take a look at how the Germans are doing with that:

FRANKFURT: Forcing German industry and energy companies to buy permits for their greenhouse gas emissions from 2013 at auction will drive up energy prices and burden power customers, energy users’ group VIK said on Tuesday.

VIK put the possible cost to German industry of auctioning permits to emit carbon dioxide, the most prevalent greenhouse gas, at well over 100 billion euros ($155.8 billion) in the years between 2012 and 2020.

“There will not be one more tonne of CO2 emissions saved through such an auction,” it said in a statement. “But power prices would be rising further for consumers.”

Hmmm no reduction in CO2 emissions, customers paying higher prices, and government collects more revenue. Sounds like a liberals dream! Of course here in America, our government would then turn around and give the bottom 50.1% of income earners rebates on their energy bills using those revenues as a means of guaranteeing Americans continue to reelect the same miserable politicians who made the rebate necessary in the first place (think of the words economic stimulus package).

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Dumb Dems, Features, Global Warming, Taxes