An excellent editorial in the WSJ yesterday quantifies the sheer idiocy of this $380 billion subsidy for green energy. According to the analysis, even when adopting the United Nations’ own climate modeling:
“The Schumer-Manchin Bill will reduce the estimated global temperature rise at the end of the 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.”
So if the climate models of future temperature rises are correct – which they surely are not – instead of the average temperature of the earth in 2100 being 62 degrees Fahrenheit, it will be between 61.972 to 61.999 degrees.
If you think this bill will save the planet, you also probably believe it will reduce inflation.