Climate Change:

ICCF's Margo Thorning examines the economic effects of cutting CO2 emissions

Delegates from around the world recently finished a two-week conference in Montreal, where they debated the next steps after the Kyoto Protocol. But as policymakers consider more drastic reductions in greenhouse gas emissions, are they underestimating the economic effects of these regulations? Margo Thorning, managing director of the International Council for Capital Formation, says Kyoto could cause severe job losses and energy price spikes in European nations. During today's OnPoint, Thorning explains ICCF's economic modelling and also talks about alternative policies to address global warming.