WND reports that
New calculations applied to a U.S. Senate report reveal the Environmental Protection Agency’s plan to combat global warming through regulation of greenhouse gases would theoretically take over $US700 trillion, seven times the world’s gross production, to drop the earth’s temperature only 1 degree Celsius.
This is the rate calculated for the US. Australia’s GDP is about 8% of the US, so its costs would be about $US56 Trillion. New Zealand’s GDP is about 1% of the US. This means the cost for NZ would be about $US7 trillion.
$700 trillion, if you need it visually, is roughly a stack of $100 bills 70 miles high. These warmists are absolutely insane.