Environmental Law & Economics: WSJ: Kyoto's long goodbye

Radovan Kazda
Environmental Policy Analyst
Conservative Institute of M. R. Stefanik
radovankazda[at]institute.sk

Sunday, August 03, 2008

WSJ: Kyoto's long goodbye

President George W. Bush achieved some significant changes to the global warming status quo at the recent G8 summit in Japan. From today's Wall Street Journal: Kyoto's Long Goodbye:
One of the mysteries of the universe is why President Bush bothers to charge the fixed bayonets of the global warming theocracy. On the other hand, his Administration's supposed "cowboy diplomacy" is succeeding in changing the way the world addresses climate change. Which is to say, he has forced the world to pay at least some attention to reality.

That was the larger meaning of the Group of Eight summit in Japan this week, even if it didn't make the papers. The headline was that the nations pledged to cut global greenhouse emissions by half by 2050. Yet for the first time, the G-8 also agreed that any meaningful climate program would have to involve industrializing nations like China and India. For the first time, too, the G-8 agreed that real progress will depend on technological advancements. And it agreed that the putative benefits had to justify any brakes on economic growth.

In other words, the G-8 signed on to what has been the White House approach since 2002.
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