Lieberman-Warner is dead...for now:

Senate Republicans on Friday blocked a global warming bill that would have required major reductions in greenhouse gases, pushing debate over the world's biggest environmental concern to next year for a new Congress and president.

Democratic leaders fell a dozen votes short of getting the 60 needed to end a Republican filibuster on the measure and bring the bill up for a vote, prompting Majority Leader Harry Reid to pull the legislation from consideration.

The Senate debate focused on bitter disagreement over the expected economic costs of putting a price on carbon dioxide, the leading greenhouse gas that comes from burning fossil fuels. Opponents said it would lead to higher energy costs.

The 48-36 vote fell short of a majority, but Democrats produced letters from six senators — including both presidential candidates Barack Obama and John McCain — saying they would have voted for the measure had they been there.

In other alarmist news, the International Energy Agency says that $45 trillion is need to combat global warming. The money would go towards nuclear power and wind turbines with a little more than half the funding coming from developing nations, which according to the article "will be responsible for two-thirds of greenhouse gas emissions by 2050."

Alarmism is so costly.