the EU, Canada and Japan – are expected to exceed their targets by just 3.6bn tonnes.
"Under the Kyoto targets the supply of credits will outstrip the demand," said Jepma. "We are going to see the same scenario as with the ETS whereby the price for a tonne of carbon starts high and then collapses to close to zero by the end of the scheme… which is precisely the wrong message."
- Green Business Week Feb 21, 2007
Ten years ago most of the climate science of the day was warning about an oncoming ice age. A year ago, everyone was talking about Global Warming. Today they can’t call it warming, because, as they are discovering it might really be a cooling. So now it is “Climate Change”. This way, no matter which way the weather turns, they can still be right.
Everything we know about Climate, and we don’t know much, tells us that the climate will always change. That is the nature of climate. Although history has many examples of warming and cooling, this is the first one blamed on humans. The Hockey Stick graph -- the foundation of global warming theory -- has been shown to be scientifically invalid, perhaps even a fraud.
Kyoto is, in my opinion, a socialist dream of distribution of wealth. What Karl Marx could not do with communism, Kyoto is designed to do with Climate change. This is the only reason to try and blame humans, and specifically the wealthy humans.
“Make the Rich Pay” is the rallying call of both communism and Climate Change! The same people who hate Walmart, and hate the USA (even former Vice Presidents) are at the front of this scheme to finish the work communism failed to do. It is ironic, of course, that the worst offenders of pollution on the planet in the 20th century were, in fact, communist countries. The impact of that pollution was hidden from the world due to a lack of freedom.
However even Kyoto seems to be doomed. Why? Because of the free market. Yes, the same thing that killed communism is killing Kyoto. Russia, and other former soviet bloc countries have an abundance of carbon credits and are flooding the market. This will cause the price to drop to almost nothing, and allow Rich countries to stay rich, and poor countries to stay poor.
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