Word: kyoto
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This December, representatives from some 200 nations will meet in Copenhagen to tackle the problem of global warming. Their focus will be on limiting the emissions of greenhouse gases that come mostly from wealthy nations. The talks will build on the framework set by the Kyoto Protocol in 1997. This time around, the pieces are in place for a major confrontation between the U.S. and China. In the last century, the U.S. and the Soviet Union faced off in a Cold War that saw a massive buildup of nuclear weapons. Today, a new Cold War could develop...
...fundamental challenge the Kyoto Protocol has failed to overcome is the divide between rich and poor nations. At present, 60% of all carbon emissions come from rich industrial nations that house only 20% of the world's population but use most of the world's resources. Developing nations, home to 80% of the world's population, are responsible for just 40% of all emissions. (See the top 10 green ideas...
...China have met with repeated failures. The problem is clear: before it commits to reductions, the U.S. wants China to agree to limits - but the Chinese, who said this week they were ready to reduce the rate of growth of emissions by a "notable margin," rightly point out that Kyoto spares China and all developing nations from binding emissions-cuts targets unless they are compensated...
...Chichilnisky, a professor of economics and statistics at Columbia University, helped design the Kyoto Protocol's international carbon market. She is the co-author of Saving Kyoto...
...hands essentially tied at the U.N. climate-change summit in Copenhagen three months from now. They can't commit the U.S. to carbon cuts internationally if the Senate won't support them at home. That was the pitfall former President Bill Clinton failed to avoid with regard to the Kyoto Protocol - and Obama won't repeat his mistake...