Even If Global Warming Is True, Clinton's Policy Is Wrong

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The Clinton administration is taking a position in international negotiations on global-warming policy that defies common sense.

This is not going to be another broadside on the shaky scientific basis for being concerned about the earth's rate of temperature rise, although serious scientists do disagree on the subject. For the sake of argument, let us assume that there is a sufficient link between fossil fuel usage, greenhouse gas emissions, atmospheric concentration of carbon dioxide (CO2), and global warming to warrant a new and tough policy to respond to what is now called "climate change." Taxes on specific energy sources (those releasing substantial amounts of CO2) …