Forbes.com- “Will The Global Warming Bill Cool the Global Economy?
It is very difficult to get a measured, intelligent and well articulated point of view on the potential impacts pro and con of Waxman-Markey. So it was a pleasure and surprise to read “Will the Global Warming Bill Cool the Global economy?” on Forbes.com. The articles author, Nouriel Roubini does an excellent job of describing the impacts and the cost estimates of cap and trade ( the key and probably most controversial aspect of the bill) on a sector by sector basis. He also assess alternatives and places the bill in the context of the upcoming conference of global leaders in Copenhagen that will produce the follow-up to the Kyoto accords. If you are unclear about what the bill is or is not, this is a great starting point and a great read.
-FR
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