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chapter 23
Kyoto: What Went Wrong?
Clearly, more work is needed [on the Kyoto Protocol]. In particular we will continue to press for meaningful participation by key developing nations.
—Al Gore, New York Times, 1997
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Importance: Under Kyoto, China must be paid on a project-by-project basis not for the cost of abatement. This is too expensive, so Kyoto has failed.
• China has always said it will not accept a binding cap.
• This is not a bargaining chip—it's reasons are sound.
• Under Kyoto, Europe often pays 10 to 50 times the cost of abatement.
• Over time such projects become increasingly susceptible to gaming.
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http://stoft.com/p/90.html | 03/12/10 01:25 GMT
Modified: Mon, 26 Jan 2009 01:47:43 GMT
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Amazon
China and India have nixed caps. Without these caps, Kyoto fails. What can be done?
Carbonomics explains "wrecking" the economy, "peak oil," caps, carbon taxes, and Kyoto.
About Carbonomics.
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