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Flaccid caps on emissions will slow down this investment and mean a return to the status quo – meaning that more severe and costly cuts in emissions have to be made later.
The EU must also show how costly cuts in emissions can be made compatible with economic competitiveness – border tariffs against countries that fail to make their own cuts would help level the playing field and dampen the incentive for countries to neglect making their own commitments.
The U.S., and more recently, Canada, are among nations understandably concerned about hobbling their own economies with costly cuts in fossil fuel use while permitting the still-industrializing nations of the world to pollute with abandon.
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In the middle of the 18th century, Matthew Boulton, the English manufacturer and partner of James Watt, introduced the bright, costly, cut-steel button, which was made by attaching polished steel facets to a steel blank.
The Oratec probes and the machines to run them cost as much as $295,000 a set, but if they replace costly cut-and-sew surgery, they could considerably reduce medical costs.
They are enjoying an occasional sirloin or other costlier cut, which they believe is less likely to contain the infectious agents that have transmitted the disease to some humans.
While Tokyo may have the rest of the world beat in the "costliest cut" category, it's third to London and second to Paris when it comes to the most expensive city in which to dine.
But that deficit projection swelled mostly because of the costly tax cuts deal that Republicans negotiated with Mr. Obama in December.
Mr. Conrad had blocked the so-called pay-go measure in the Senate, objecting to provisions in the House version that exempted several popular but costly tax cuts and some Medicare spending.
Rather than seeking relatively costly additional cuts in carbon dioxide now, he said, the best return on an environmental investment in the short term would be to look at the other greenhouse culprits on his list.
"I am disappointed that the Republican Congress continues to strip away our fiscal discipline bill by bill by passing another in a series of costly tax cuts that, taken together, will spend our entire hard-earned surplus," Mr. Clinton said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com