Via the Web Briefing, Lomborg dissects the Obama Energy Tax in today’s Washington Post. An excerpt:

The struggle to generate international agreement on a carbon deal has created a desire to punish “free riders” who do not sign on to stringent carbon emission reduction targets. But the greater goals seem to be to barricade imports from China and India, to tax companies that outsource, and to go for short-term political benefits, destroying free trade.
This is a massive mistake. Economic models show that the global benefits of even slightly freer trade are in the order of $50 trillion — 50 times more than we could achieve, in the best of circumstances, with carbon cuts. If trade becomes less free, we could easily lose $50 trillion — or much more if we really bungle things. Poor nations — the very countries that will experience the worst of climate damage — would suffer most.
In other words: In our eagerness to avoid about $1 trillion worth of climate damage, we are being asked to spend at least 50 times as much — and, if we hinder free trade, we are likely to heap at least an additional $50 trillion loss on the global economy.
Today, coal accounts for almost half of the planet’s electricity supply, including half the power consumed in the United States. It keeps hospitals and core infrastructure running, provides warmth and light in winter, and makes lifesaving air conditioning available in summer. In China and India, where coal accounts for more than 80 percent of power generation, it has helped to lift hundreds of millions of people out of poverty.
There is no doubt that coal is causing environmental damage that we need to stop. But a clumsy, radical halt to our coal use — which is what promises of drastic carbon cuts actually require — would mean depriving billions of people of a path to prosperity.