Urbin Report

Thursday, December 16, 2004

The truth behind the Kyoto Sham

James K. Glassman has the story:

Europe is not meeting its targets, and, anyway, the rise in CO2 emissions is steepest, not in the United States and Germany, but in China and India, with booming coal-based economies. And China and India, like more than 100 other developing nations, are exempt from Kyoto's strictures.
Economic studies show that, to achieve even minuscule temperature reductions, economic growth in the United States would have to fall to stagnation levels. Imagine the impact on the rest of the world of such a decline.

...Russia has no obligation at all to make emissions cuts in the next few years. (Instead, Russia will collect money from Europeans by "trading" rights to emit.)

Read the whole thing.