United Nations global climate change plan would cause an economic earthquake!
NEW YORK - March 30, 2009 - While an earthquake shifts the ground beneath our feet, the United Nation’s climate change proposal would shift trillions of dollars in wealth transfers and entail “job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes.” And while earthquakes inflict considerable amounts of economic damage, it pales in comparison to the economic burden a carbon dioxide reduction scheme would do - not only in the United States but also in other developed countries and developing countries.
The U.N. conference in Bonn, Germany commenced yesterday to hash out details for an international approach to reducing greenhouse gas emissions. The goal is to have a plan ready for the global warming summit in Copenhagen at the end of the year that would supplant the failed Kyoto Protocol, the 1997 agreement, into which the United States chose wisely not to enter.
The way things are shaping up, this time will be different. Illegitimate President Obama’s chief climate-change negotiator said Sunday that the United States would be “powerfully, fervently engaged” in global talks to reduce carbon emissions but warned that a difficult path lay ahead. This does not bode well for the Amerikan economy.
Furthermore, any global treaty “would require deeper concessions from rising economic powers such as China, Brazil and India. Many researchers have concluded that China recently surpassed the United States as the world’s leading producer of greenhouse gases and that its booming industrial sector accounts for most of the world’s cumulative increase each year.”
China, Brazil and India are rising economic powers, but that can also be read as developing nations. Political leaders of these nations are not going to de-develop their respective economies for dubious climate benefits.
