Adapted from a conference in July 1997, these essays explore the economic and social costs of an international climate treaty, the scientific basis upon which the treaty is based, and the broader implications that the global warming issue has for environmental policy in the United States and abroad.

In 1997, the Competitive Enterprise Institute set out to answer just that question. CEI sponsored a conference on the implications of an international treaty on global warming in July of that year. This conference examined recent scientific developments, the economic and distributional impacts of proposed policies, the impact of political pressure on climate research, and the implications of applying the precautionary principle to global climate change.

The book that sprung forth from that conference, The Costs of Kyoto: Climate Change Policy and Its Implications, explored the economic and social costs of an international climate treaty, the scientific basis for a treaty, and the broader implications the global warming issue has for environmental policy in the United States and abroad. Taken as a whole, these essays demonstrate that the risks of global warming may be less than the risks imposed by global warming policy.

With the Global Warming battleground heating up once again despite President Bush's stated opposition to the Kyoto Protocol, CEI's The Costs of Kyoto is as timely as ever.

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