Kyoto

Europe, Japan Face $46 Billion Global-Warming Penalty 

I must have missed what Al Gore has said about this situation.....you probably did too.

Twenty nations including Japan, Italy and Australia failed to rein in carbon-dioxide output enough to meet their pledges signed in 1997 in Kyoto, Japan. The potential penalty is 36 billion euros ($46 billion).

Kyoto's binding targets are a cornerstone in the international effort to limit global warming. The U.S. is the only developed nation not to ratify the pact.  Under the treaty, countries that are unable to meet targets must buy permits from nations that have a surplus. The government must pay the bill, and some such as Italy and Spain are requiring industry to share in the costs.

Can you imagine what the United State's penalty would be today, if we had blindly followed the sheep?

The UN Framework Convention on Climate Change, which guided the Kyoto talks, aims to negotiate a new treaty for the post- 2012 period at a meeting next year in Copenhagen. Failure by countries to meet their Kyoto targets suggests there's no point in agreeing to a new deal, said Lomborg.

``It questions the whole idea of getting together in Copenhagen next year and making even more ambitious promises when we haven't even been able to fulfill our promises so far,'' said Lomborg, an economist and director of the Copenhagen Consensus Center, an economic advisory body.

It's become so much more obvious now that the UN sponsored Kyoto protocols were, and are, just an attempt to redistribute wealth from richer nations to poor.  

Thank you George Bush for not signing us to this cross of carbon.

Story ....

In other news....

The world has never seen such freezing heat 

 Across the world there were reports of unseasonal snow and plummeting temperatures last month, from the American Great Plains to China, and from the Alps to New Zealand. China's official news agency reported that Tibet had suffered its "worst snowstorm ever". In the US, the National Oceanic and Atmospheric Administration registered 63 local snowfall records and 115 lowest-ever temperatures for the month, and ranked it as only the 70th-warmest October in 114 years.......satellite images were showing Arctic sea-ice recovering so fast from its summer melt that three weeks ago it was 30 per cent more extensive than at the same time last year....... and the hottest decade of the 20th century was not the 1990s, but the 1930s.