Wednesday, October 11, 2006
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So how's the Kyoto Protocol working out?
I'm shocked, shocked at this Associated Press report that some industrialized nations might not be living up to their Kyoto Protocol obligations:
With few exceptions, the world’s big industrialized nations are struggling to meet the greenhouse gas reductions they committed to in the embattled Kyoto pact on climate change. Europe is veering off course, Japan is still far from its target and Canada has given up.Hat tip: Jonathan Adler at the Volokh Conspiracy.
The report does observe that the EU as a whole could achieve its target -- provided that they "make full use of carbon credits for investing in clean technology projects in developing countries." However, another AP report by Charles Hanley points out the pitfalls of trading scheme as implemented:
As the world grows warmer, poorer nations are helping the rich by reining in heat-trapping gases in a multibillion-dollar "carbon trade" that is outrunning its U.N. overseers and founding principles, and spawning conflicts of interest and possible abuse....UPDATE: Ah, it appears that the EU has devised a new way to ensure countries honor their commitments to halt global warming. Sounds like some commissioners must have been talking to Joe Stiglitz. posted by Dan on 10.11.06 at 01:17 AM
This tax that Stiglitz proposes would seem fairer to me if there weren't such a disparity in the emissions laws between states. A manufacturer in California would really get screwed by such a tax, considering it already has a lot of costs associated with operating in a stringent environment such as Californias, where it is about to get even tougher to produce.posted by: alex on 10.11.06 at 01:17 AM [permalink]
Is it getting hot in here, or is it just me?posted by: Useless Sam Grant on 10.11.06 at 01:17 AM [permalink]
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