WSJ: The ‘Build Back Broke’ Bill Will Have No Effect On World’s Temperature

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Anybody who actually lives in the real world and not in the world, created in eco-loonys' minds, of unicorns and fluffy bunnys know this already. Luckily the WSJ is of sound mind unlike the loonys at the NYT.

Nearly all of Washington—Democrats, the press, lobbyists—is taking a victory lap with Senate passage of the Schumer-Manchin tax, climate, and drug price control bill.

The climate lobby is especially thrilled, claiming a historic victory that will reduce temperatures, hold back the rising sea, and save the planet.

Or, maybe not. Our contributor Bjorn Lomborg looked at the Rhodium Group estimate for CO2 emissions reductions from Schumer-Manchin policies.

He then plugged them into the United Nations climate model to measure the impact on global temperature by 2100.

He finds the bill will reduce the estimated global temperature rise at the end of this century by all of 0.028 degrees Fahrenheit in the optimistic case.

In the pessimistic case, the temperature difference will be 0.0009 degrees Fahrenheit.

In other words, the climate provisions in this ballyhooed legislation will have no notable impact on the climate.

This isn’t surprising. No matter what the U.S. does to reduce greenhouse-gas emissions, it will be dwarfed by what the rest of the world does.

China, India, and Africa aren’t about to stop burning fossil fuels as they develop, and China is sprinting ahead to build huge new coal capacity despite its pledge to start reducing emissions after 2030.

Barring a breakthrough in battery or other technology, carbon emissions will continue to increase.

No one knows how much the Earth’s temperature will warm, though even the U.N. model has modified its estimates from the apocalyptic predictions of some years ago.

Schumer-Manchin won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature.

What it will do is transfer some $369 billion from taxpayers and drug companies to the pockets of green energy businesses and investors.

It will tighten the hold that politicians have on the allocation of capital, as they pick winners and losers with their grants and tax credits.

Everyone will get a nice warm feeling as they pretend they are cooling the climate.

https://www.wsj.com/articles/tiltin...in-tax-climate-bill-bjorn-lomborg-11659993292

 

[Bigdog]

He finds the bill will reduce the estimated global temperature rise at the end of this century by all of 0.028 degrees Fahrenheit in the optimistic case.

In the pessimistic case, the temperature difference will be 0.0009 degrees Fahrenheit.

In other words, the climate provisions in this ballyhooed legislation will have no notable impact on the climate.

This is why white libs have a hissy fit when anyone asks them about the science.

 

[T. A. Gardner]

It's the Big Bucks Blunder plan...

 

[Hawkeye10]

It's the Big Bucks Blunder plan...

That this is a well intentioned blunder is the best case scenario....likely the reality is much darker.

In any case we are very well fucked.

 

[Hawkeye10]

The Empire says "Thank You" for making the sinking the West so easy.

 

[anonymoose]

.
Anybody who actually lives in the real world and not in the world, created in eco-loonys' minds, of unicorns and fluffy bunnys know this already. Luckily the WSJ is of sound mind unlike the loonys at the NYT.

Nearly all of Washington—Democrats, the press, lobbyists—is taking a victory lap with Senate passage of the Schumer-Manchin tax, climate, and drug price control bill.

The climate lobby is especially thrilled, claiming a historic victory that will reduce temperatures, hold back the rising sea, and save the planet.

Or, maybe not. Our contributor Bjorn Lomborg looked at the Rhodium Group estimate for CO2 emissions reductions from Schumer-Manchin policies.

He then plugged them into the United Nations climate model to measure the impact on global temperature by 2100.

He finds the bill will reduce the estimated global temperature rise at the end of this century by all of 0.028 degrees Fahrenheit in the optimistic case.

In the pessimistic case, the temperature difference will be 0.0009 degrees Fahrenheit.

In other words, the climate provisions in this ballyhooed legislation will have no notable impact on the climate.

This isn’t surprising. No matter what the U.S. does to reduce greenhouse-gas emissions, it will be dwarfed by what the rest of the world does.

China, India, and Africa aren’t about to stop burning fossil fuels as they develop, and China is sprinting ahead to build huge new coal capacity despite its pledge to start reducing emissions after 2030.

Barring a breakthrough in battery or other technology, carbon emissions will continue to increase.

No one knows how much the Earth’s temperature will warm, though even the U.N. model has modified its estimates from the apocalyptic predictions of some years ago.

Schumer-Manchin won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature.

What it will do is transfer some $369 billion from taxpayers and drug companies to the pockets of green energy businesses and investors.

It will tighten the hold that politicians have on the allocation of capital, as they pick winners and losers with their grants and tax credits.

Everyone will get a nice warm feeling as they pretend they are cooling the climate.

https://www.wsj.com/articles/tiltin...in-tax-climate-bill-bjorn-lomborg-11659993292

I don't know about that, Prima. Ever since the bill was passed it's been chilly and rainy here in Anchorage. There must be some kind of cause and effect.

 

[BartenderElite]

They're right.

But we're not going to do what actually NEEDS to be done overnight. It would be foolish to think we could, or that it would even be a good idea.

The change needs to take place incrementally, over decades. This is a good start.

 

[anonymoose]

They're right.

But we're not going to do what actually NEEDS to be done overnight. It would be foolish to think we could, or that it would even be a good idea.

The change needs to take place incrementally, over decades. This is a good start.

It's already chilly here. I think it's working.

 

[Matt Dillon]

.
Anybody who actually lives in the real world and not in the world, created in eco-loonys' minds, of unicorns and fluffy bunnys know this already. Luckily the WSJ is of sound mind unlike the loonys at the NYT.

Nearly all of Washington—Democrats, the press, lobbyists—is taking a victory lap with Senate passage of the Schumer-Manchin tax, climate, and drug price control bill.

The climate lobby is especially thrilled, claiming a historic victory that will reduce temperatures, hold back the rising sea, and save the planet.

Or, maybe not. Our contributor Bjorn Lomborg looked at the Rhodium Group estimate for CO2 emissions reductions from Schumer-Manchin policies.

He then plugged them into the United Nations climate model to measure the impact on global temperature by 2100.

He finds the bill will reduce the estimated global temperature rise at the end of this century by all of 0.028 degrees Fahrenheit in the optimistic case.

In the pessimistic case, the temperature difference will be 0.0009 degrees Fahrenheit.

In other words, the climate provisions in this ballyhooed legislation will have no notable impact on the climate.

This isn’t surprising. No matter what the U.S. does to reduce greenhouse-gas emissions, it will be dwarfed by what the rest of the world does.

China, India, and Africa aren’t about to stop burning fossil fuels as they develop, and China is sprinting ahead to build huge new coal capacity despite its pledge to start reducing emissions after 2030.

Barring a breakthrough in battery or other technology, carbon emissions will continue to increase.

No one knows how much the Earth’s temperature will warm, though even the U.N. model has modified its estimates from the apocalyptic predictions of some years ago.

Schumer-Manchin won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature.

What it will do is transfer some $369 billion from taxpayers and drug companies to the pockets of green energy businesses and investors.

It will tighten the hold that politicians have on the allocation of capital, as they pick winners and losers with their grants and tax credits.

Everyone will get a nice warm feeling as they pretend they are cooling the climate.

https://www.wsj.com/articles/tiltin...in-tax-climate-bill-bjorn-lomborg-11659993292

This is why white libs have a hissy fit when anyone asks them about the science.

It's the Big Bucks Blunder plan...

That this is a well intentioned blunder is the best case scenario....likely the reality is much darker.

In any case we are very well fucked.

I don't know about that, Prima. Ever since the bill was passed it's been chilly and rainy here in Anchorage. There must be some kind of cause and effect.

They're right.

But we're not going to do what actually NEEDS to be done overnight. It would be foolish to think we could, or that it would even be a good idea.

The change needs to take place incrementally, over decades. This is a good start.

Some idiot man thinks he can change the weather with money? Let me know when he makes that work.

 

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Most electric vehicles won't qualify for taxpayer funded subsidies in the Inflation Reduction Act. That's because of the bill’s requirement that to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent.

 

[Hawkeye10]

Some idiot man thinks he can change the weather with money? Let me know when he makes that work.

"They will tell the boldest of lies now"
Hawkeye the Wise









"Dont be a Chump!"

 

[floridafan]

Some idiot man thinks he can change the weather with money? Let me know when he makes that work.

So you dont understand he difference between weather and climate. Did you ever finish High School?

 

[cancel2 2022]

They're right.

But we're not going to do what actually NEEDS to be done overnight. It would be foolish to think we could, or that it would even be a good idea.

The change needs to take place incrementally, over decades. This is a good start.

China is overjoyed at the rank stupidity of the West. As they say, act in haste, repent at leisure.

 

[Bigdog]

They're right.

But we're not going to do what actually NEEDS to be done overnight. It would be foolish to think we could, or that it would even be a good idea.

The change needs to take place incrementally, over decades. This is a good start.

Just another huge democrat handout to giant corporations. It will do nothing to change the temp of the Earth. Now or in the future. And what happened to that "tipping point" in 9 years???

 

[Hawkeye10]

Just another huge democrat handout to giant corporations. It will do nothing to change the temp of the Earth. Now or in the future. And what happened to that "tipping point" in 9 years???

Its worse that that, they are impoverishing the nation as they destroy our energy systems and the middle class...they are systematically taking apart our standard of living for the glory of the Revolution.

Conservatives consistently fail to comprehend how bad things are, or how bad things are going to get.

 

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Most Electric Vehicles Won’t Qualify For Taxpayer-Funded Subsidy

Most electric vehicles won't qualify for taxpayer funded subsidies in the Inflation Reduction Act. That's because of the bill’s requirement that to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent.

Meanwhile in the real world:

Pierre goes to work each morning in the bustling, dusty town of Fungurume, in the Democratic Republic of Congo’s southern mining belt, he is the first link in a supply chain that is fuelling the electric vehicle revolution and its promise of a decarbonised future.

Pierre is mining for cobalt, one of the world’s most sought-after minerals, and a key ingredient in the batteries that power most electric vehicles (EVs).

He says his basic wage is the equivalent of £2.60 ($3.50) a day, but if he works through lunch and puts in hours of overtime, he can make up to about £3.70. Not that lunch is worth waiting for: he claims he is given just two small bread rolls and a carton of juice.

“The salary is very, very small. It gives me a headache … The mine makes so much and we make so little,” he says.

If he takes a day off, he says money is deducted from his wages. If he is sick and misses more than two days in a month, more money is cut. “You can’t even argue. If you do, you’ll be fired,” he says, squatting on the dirt floor of the bare brick shack he rents.

“The relationship between us and the [mine] is like a slave and a master,” says Pierre.

Stories of the harsh and dangerous working conditions endured by miners in the DRC’s informal, or artisanal, cobalt mines – of child labour and miners being buried alive as tunnels cave in – have provoked an international outcry in recent years, forcing the western technology and automotive brands that rely on the mineral to look for ways to source “clean” cobalt, free from human rights abuses.

Some companies in the cobalt supply chain have promised to stop sourcing from artisanal mines and instead get the mineral from large-scale industrial mines, which are seen as a safer option both for workers and corporate reputations.

"At lunch I’m given two bread rolls,’ claims a miner working at an industrial mine in the DRC.

Read more: https://www.theguardian.com/global-...rs-toil-for-30p-an-hour-to-fuel-electric-cars

 

[Bigdog]

Its worse that that, they are impoverishing the nation as they destroy our energy systems and the middle class...they are systematically taking apart our standard of living for the glory of the Revolution.

Conservatives consistently fail to comprehend how bad things are, or how bad things are going to get.

No doubt.

IMO, most conservatives do get how bad things are getting.

 

[Bigdog]

.
Most Electric Vehicles Won’t Qualify For Taxpayer-Funded Subsidy

Most electric vehicles won't qualify for taxpayer funded subsidies in the Inflation Reduction Act. That's because of the bill’s requirement that to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent.

Pierre goes to work each morning in the bustling, dusty town of Fungurume, in the Democratic Republic of Congo’s southern mining belt, he is the first link in a supply chain that is fuelling the electric vehicle revolution and its promise of a decarbonised future.

Pierre is mining for cobalt, one of the world’s most sought-after minerals, and a key ingredient in the batteries that power most electric vehicles (EVs).

He says his basic wage is the equivalent of £2.60 ($3.50) a day, but if he works through lunch and puts in hours of overtime, he can make up to about £3.70. Not that lunch is worth waiting for: he claims he is given just two small bread rolls and a carton of juice.

“The salary is very, very small. It gives me a headache … The mine makes so much and we make so little,” he says.

If he takes a day off, he says money is deducted from his wages. If he is sick and misses more than two days in a month, more money is cut. “You can’t even argue. If you do, you’ll be fired,” he says, squatting on the dirt floor of the bare brick shack he rents.

“The relationship between us and the [mine] is like a slave and a master,” says Pierre.

Stories of the harsh and dangerous working conditions endured by miners in the DRC’s informal, or artisanal, cobalt mines – of child labour and miners being buried alive as tunnels cave in – have provoked an international outcry in recent years, forcing the western technology and automotive brands that rely on the mineral to look for ways to source “clean” cobalt, free from human rights abuses.

Some companies in the cobalt supply chain have promised to stop sourcing from artisanal mines and instead get the mineral from large-scale industrial mines, which are seen as a safer option both for workers and corporate reputations.

"At lunch I’m given two bread rolls,’ claims a miner working at an industrial mine in the DRC.

Read more: https://www.theguardian.com/global-...rs-toil-for-30p-an-hour-to-fuel-electric-cars

White libs don't give a fuck about Black children in Congo, mining cobalt so they can virtue signal from their gov't subsidized luxury vehicles.

 

[Hawkeye10]

No doubt.

IMO, most conservatives do get how bad things are getting.

I hope so but I will tell you what I have told Stone several times....it is simply too late. The collapse of America and the West is baked in now, and the The New Chinese Empire is going to stomp on our asses...our goose is cooked.

 

[martin]

.
Anybody who actually lives in the real world and not in the world, created in eco-loonys' minds, of unicorns and fluffy bunnys know this already. Luckily the WSJ is of sound mind unlike the loonys at the NYT.

Nearly all of Washington—Democrats, the press, lobbyists—is taking a victory lap with Senate passage of the Schumer-Manchin tax, climate, and drug price control bill.

The climate lobby is especially thrilled, claiming a historic victory that will reduce temperatures, hold back the rising sea, and save the planet.

Or, maybe not. Our contributor Bjorn Lomborg looked at the Rhodium Group estimate for CO2 emissions reductions from Schumer-Manchin policies.

He then plugged them into the United Nations climate model to measure the impact on global temperature by 2100.

He finds the bill will reduce the estimated global temperature rise at the end of this century by all of 0.028 degrees Fahrenheit in the optimistic case.

In the pessimistic case, the temperature difference will be 0.0009 degrees Fahrenheit.

In other words, the climate provisions in this ballyhooed legislation will have no notable impact on the climate.

This isn’t surprising. No matter what the U.S. does to reduce greenhouse-gas emissions, it will be dwarfed by what the rest of the world does.

China, India, and Africa aren’t about to stop burning fossil fuels as they develop, and China is sprinting ahead to build huge new coal capacity despite its pledge to start reducing emissions after 2030.

Barring a breakthrough in battery or other technology, carbon emissions will continue to increase.

No one knows how much the Earth’s temperature will warm, though even the U.N. model has modified its estimates from the apocalyptic predictions of some years ago.

Schumer-Manchin won’t reduce inflation, won’t reduce the budget deficit, and it won’t reduce the world’s temperature.

What it will do is transfer some $369 billion from taxpayers and drug companies to the pockets of green energy businesses and investors.

It will tighten the hold that politicians have on the allocation of capital, as they pick winners and losers with their grants and tax credits.

Everyone will get a nice warm feeling as they pretend they are cooling the climate.

https://www.wsj.com/articles/tiltin...in-tax-climate-bill-bjorn-lomborg-11659993292

Very good prose. Didn't realize you could write this well. I see you gathered data for your piece from the WSJ. You picked a good source, too, on which to base your composition.