Despite the fact that more and more scientists are becoming skeptical of man-made global warming, Congress is considering legislation to combat it. According to the National Center for Policy Analysis, new bills are seeking to utilize a cap and trade approach to cut greenhouse gas emissions by 44 percent over 40 years – but all have significant costs. According to the report, these cap and trade proposals could increase gasoline prices 144 percent, and electricity prices 129 percent, by 2030. When one also considers these cap and trade proposals will cost as much as $1.2 trillion annually, one wonders if it’s the Earth, or the American consumer, that will be getting more heated up over global warming.
