‘Green’ price tag: $700 trillion to drop Earth’s temp 1 degree

New calculations applied to a U.S. Senate report reveal the Environmental Protection Agency’s plan to combat global warming through regulation of greenhouse gases would theoretically take over $700 trillion, seven times the world’s gross production, to drop the earth’s temperature only 1 degree Celsius.

The report released last year by Sen. James Ihnofe, R-Okla., then-ranking minority member of the Senate Committee on Environment and Public Works, quotes the EPA’s own stats and experts to break down the numbers, including one researcher who called the Obama administration’s plan “absurd.”

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