Prospects for Cancun, and a proposed plan

From the linked Wall Street Journal editorial by Bjorn Lomborg:
"Attendees in Cancun will be singing the same tune that they did last year: Nations must commit themselves to drastic, immediate carbon cuts. This ignores both economic reality and 20 years of experience that tell us that this policy choice is incredibly expensive, utterly ineffective and ultimately politically unsellable.

.................World-wide public spending on research and development for clean energy technologies is a paltry $2 billion a year. Increasing this to $100 billion a year could be a game-changer. Not only would it be almost twice as cheap as the $180 billion a year cost of fully implementing Kyoto, but the effect of this kind of spending would be hundreds of times greater. But this should not be our only response to global warming. We should also invest considerably more in adaptation to global warming's effects, and research geo-engineering technologies as a potential backstop."