Morning Must-Read: Paul Krugman: Cutting Back on Carbon

Paul Krugman: Cutting Back on Carbon: “Next week the Environmental Protection Agency is expected to announce…

…new rules designed to limit global warming. Although we don’t know the details yet, anti-environmental groups are already predicting vast costs and economic doom. Don’t believe them. Everything we know suggests that we can achieve large reductions in greenhouse gas emissions at little cost to the economy. Just ask the United States Chamber of Commerce. O.K., that’s not the message the Chamber of Commerce was trying to deliver…. [But] the report considers a carbon-reduction program that’s probably considerably more ambitious than we’re actually going to see, and it… sounds like Dr. Evil intoning ‘one million dollars’. These days, it’s just not a lot of money…