The New York Times today put the Stern Review on climate mitigation costs:
http://www.hm-treasury.gov.uk/Independent_Reviews/stern_review_economics_climate_change/sternreview_index.cfm in the context of the scale of challenge and US budget realities - each of the 7 steps in their chart appears wildly optimistic right now, yet combined they only stabilize emissions instead of allowing them to double.
The chart on energy R&D needs no comment....
David
-- David Levy Professor, Department of Management University of Massachusetts, Boston 100 Morrissey Blvd., Boston, MA 02125, USA Tel: 617-287-7860 http://www.faculty.umb.edu/david_levy/