Heritage's Loris: Climate Regulations All Pain, No Gain

Wednesday, 25 Jun 2014 09:02 PM

By Sean Piccoli

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The latest controversy over historical weather data proves that climate change, while real, is not the looming catastrophe or relentless engine of natural disasters that predictors of global warming claim, an economist told Newsmax TV on Wednesday.

"The reality is, we're not seeing a trend in more frequent hurricanes, floods, droughts — any of that stuff," Nicolas Loris, of the Heritage Foundation's Roe Institute for Economic Policy, told "MidPoint" host Ed Berliner.

Story continues below video.



"Sea level rise has been about the same as it has always been. We're not heading towards that catastrophic warming," said Loris.

But a row over the accuracy of long-term temperature data kept by two U.S. agencies, NASA and NOAA, suggests that global-warming believers "are stretching the truth," said Loris, and rushing to make their case for impending calamity and expensive fixes.

A new report endorsed by high-profile Democrats, Republicans, business people and environmentalists warns that doing "nothing" to rein in atmosphere-heating pollutants will cost economies untold billions.

Loris said the report gets it exactly backward: cutting emissions by imposing new controls on industry — through carbon taxes, emissions cuts or other governmental regulations — will hurt economies far more than the global warming those measures are intended to address.

He cited, as one example, "big, grand schemes to cap carbon dioxide emissions by regulating coal out of existence."

"You're talking about higher energy prices, lost jobs, lost income, all for about a few tenths of a degree Celsius [downward] change in global temperatures by the end of the century," said Loris. "This is all economic pain and no climate benefit with these regulations."

Loris said that whereas climate modelers predicted warming over the past 17 years, actual climate data show it hasn't happened.

"Are we really going to make all of these policy decisions to take away our affordable, reliable energy sources offline for something that isn't simply true?" he said. "They're using this to say that climate change is happening now so they can implement these policies now."

Loris said climate change is indeed happening, but not at an accelerating, threatening rate.

"The risk of this catastrophic climate change is so small and so into the future that we don't necessarily need to do something now," he said. "I think we would be doing something to our children and our grandchildren by equipping them with higher energy costs and no benefit for these regulations."

Arguing that economic prosperity and environmental health go hand in hand, Loris said, "A healthy, robust, pro-growth policy that allows us to be more prosperous and care for our environment of the extent that any environmental problems need to be taken care of . . . You can have a broad economic growth program that allows folks to deal with these issues while not crippling the economy."

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