  Recent experimental works demonstrated that the Anthropogenic Global Warming
(AGW) hypothesis, embodied in a series of Intergovernmental Panel on Climate
Change (IPCC) global climate models, is erroneous. These works prove that
atmospheric carbon dioxide contributes only very moderately to the observed
warming, and that there is no climatic catastrophe in the making, independent
on whether or not carbon dioxide emissions will be reduced. In view of these
developments, we discuss climate predictions for the XXIst century. Based on
the solar activity tendencies, a new Little Ice Age is predicted by the middle
of this century, with significantly lower global temperatures. We also show
that IPCC climate models can't produce any information regarding future
climate, due to essential physical phenomena lacking in those, and that the
current budget deficit in many EU countries is mainly caused by the policies
promoting renewable energies and other AGW-motivated measures. In absence of
any predictable adverse climate consequences of carbon dioxide emissions, and
with no predictable shortage of fossil fuels, we argue for recalling of all
policies aimed at reducing carbon dioxide emissions and usage of expensive
renewable energy sources. The concepts of carbon credits, green energy and
green fuels should be abandoned in favor of productive, economically viable and
morally acceptable solutions.
