Ronald Bailey Challenges John Kerry’s Claim that Climate Change Is a Great Investment Opportunity

Lima, Peru – Secretary of State
John Kerry jetted down today for the 20^th Conference of
the Parties (COP-20) of the United Nations Framework Convention on
Climate Change (UNFCCC). In his climate change pep talk, Kerry
warned that unmitigated man-made global warming will lead to
“tragedy.” But looking on the bright side, the Secretary claimed
that “climate change presents one of the greatest economic
opportunities of all time on earth.” Kerry added that the trillion
dollar infotech boom of 1990s will pale in comparison with the six
trillion dollar cleantech boom that an ambitious climate agreement
in Paris would spark. If climate change is such a great investment
opportunity, Reason Science Correspondent Ronald Bailey
wonders why a vast complicated global treaty is necessary to force
people to participate?

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