Over at the MasterResource blog, climate scientist Chip Knappenberger, who is skeptical of predictions of impending catastrophic man-made global warming, does some calculating to find out just how much climate would be "saved" by the Kerry-Lieberman carbon rationing scheme:
"The global temperature "savings" of the Kerry-Lieberman bill is astoundingly small—0.043°C (0.077°F) by 2050 and 0.111°C (0.200°F) by 2100. In other words, by century's end, reducing U.S. greenhouse gas emissions by 83% will only result in global temperatures being one-fifth of one degree Fahrenheit less than they would otherwise be. That is a scientifically meaningless reduction."
One crucial assumption in Knappenberger's calculations is that other countries in the world will not impose carbon rationing on their citizens.
Go here for the whole Knappenberger analysis.