'Balance' Is Crucial in Global-Warming Policy Prescription

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Byline: Ben Lieberman, SPECIAL TO THE WASHINGTON TIMES

At the same time we are learning that global warming is far from an environmental crisis, we are also learning that ill-advised efforts to address it would make us noticeably poorer.

What is needed is balance. We must weigh the risks of global warming against the risks of global-warming policy. Otherwise, we may impose a radical environmental cure far worse than the warming disease. Policymakers should pursue a course of treatment that delivers more environmental good than economic harm.

That hasn't been the case thus far.

Last year, the lead climate-change bill in Washington was the American Clean Energy and Security Act, the cap-and-trade bill …