The Kyoto Price Tag

There is every indication that carbon dioxide emissions will become an international concern which almost matches the attention currently being paid to Britney's crotch. IBD has an editorial reporting that 90% of Europeans believe that man is responsible for the current warming trend. Even more interesting is the poll showing that 68% of them would be in favor of lifestyle restrictions to help address this "problem". The question now is how much in favor they really are. If the Kyoto accords are actually met by Europe, it is estimated the EU would lose from 1.5 to 4% of their GDP and millions of jobs. This would be 4 million in Spain and 1 million jobs a year in Britain from 2008 to 2012. The Clinton administration correctly concluded that the Kyoto Treaty should not even be submitted to the Senate because it would cost us $400 BILLION a year and nearly 4.9 million lost jobs. Maybe this would be acceptable to the Europeans since they aren't all that crazy about work in the first place, but someone should consider the calculation that each one- billionth if warming avoidance will cost $100,000. So, in order to reduce the global temperature by about 1 degree Celsius, it would cost $100 TRILLION.
As IBD points out, the loony environmentalists bemoan the cost of doing nothing (which is at least as theoretical as the calculations above), but Europeans should at least consider the cost before getting in line for a dubious remedy to a nebulous problem. The same admonition should be made to the newly empowered Dems in the U.S. Congress who will be inclined to follow everything European.