Beware of Climate Change Hysteria
Václav Klaus, Czech President | May 8, 2009
Supporting green policies as a result of climate change hysteria is misguided not only because of the uncertainty of the dangers that global warming might pose, but also because they will be damaging. ++ The economic downturn means it will be hard to afford expensive new sources of energy and "energy rationing policies like cap-and-trade will be a permanent drag on economic activity." ++ A wider outlook is required and "profits can be made when energy is rationed, but only when the economy operating at lower, or even negative, growth rates."
