Global warming costs, benefits debated

An international climate agreement requiring mandatory reductions of greenhouse gas emissions could lead to dramatic increases in consumer prices and unemployment in the U.S. WEFA Inc., an economic consulting firm, reported that conclusion to the Global Climate Coalition, which is fighting the Clinton administration's plan to negotiate a global warming treaty at the United Nations Framework Convention on Climate Change slated for Kyoto, Japan, in December. Study findings Mary Novak, WEFA vice-president and project manager, said, "The national economic cost is high, and it is important to recognize that energy-producing states and export-dependent states will suffe...

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