On July 15th, Greenpeace said in a press release calling for urgent action: “As permanent ice decreases, we are looking at ice-free summers in the Arctic as early as 2030,” but in an interview with BBC, Greenpeace leader Gerd Leipold said that might not exactly be the case. See the video below:
Emotionalizing or scare tactics? The problem with fear-mongering is that it’s a double-edged sword. Chicken Little scenarios allow you to convince someone to do something they may not have otherwise done or they can make you look very foolish.
In any event, no matter how quickly or slowly the ice caps are melting, capping carbon dioxide emissions with a cap and trade system will do nothing to help and could actually hurt any attempt to slow the ice from melting. The Waxman-Markey cap and trade bill that requires carbon dioxide reductions would reduce global temperatures by negligible amounts (0.2 degree Celsius moderation in world temperature increases by 2100 and no more than a 0.05 degree reduction by 2050), but it would reduce economic activity by significant amounts.
The Heritage Foundation’s analysis of the bill estimates that between 2012-235 will lose $9.4 trillion in income (GDP). In other words, we’ll be living in a world with much less wealth. Over the same time frame, the government will collect $5.7 trillion in new taxes. A world with less economic activity and higher taxes will stifle the innovation that could actually help respond in adapting to a climate crisis.