Beam me to Planet Gore !
Posted on 07/10/2009 7:31:01 AM PDT by La Lydia
Thank goodness for the Chinese. Together with India, China helped guarantee that this week's G-8 meeting failed to reach any agreement on limiting carbon-dioxide emissions...The refusal of China and India to go along with the carbon-dioxide limits should be the death knell for the Cap and Trade bill currently being considered by the Senate. The legislation is a pretty hard sell. Even advocates admit restrictions would only have a small effect -- only a fraction of 1 degree Celsius, a virtually unnoticeable .07 degrees -- on global temperatures by 2050.
...an agreement without China, India and other developing countries can be counterproductive. It could actually mean more, not less, carbon-dioxide emissions. With massive increases in energy costs for the United States, Europe and Japan, energy-intensive manufacturing will move to countries without limits. That would negate some of the carbon-dioxide reductions in countries with limits.
But the problem is worse than that. China, India and other less-developed countries generally use energy less efficiently. That means that any given product built in China or India results in even more carbon dioxide...Democrats in the House partially understood these problems and tried to stop this flight of manufacturing with a provision that would tax imports from countries that don't regulate their carbon emissions. The Obama administration correctly warned that this provision would lead to a trade war...This week, Senate Democrats, led by Sen. John F. Kerry of Massachusetts, announced that they would strip that House provision out of the Senate bill.
Without China and India, Cap and Trade will mean an even bigger loss of manufacturing jobs. Without these other countries on board for the regulation, Americans will suffer punitive energy taxes and still face a possible increase in carbon emissions. From every angle, Cap and Trade is a lose-lose proposition.
(Excerpt) Read more at washingtontimes.com ...
Waxbag~Malarkey Carbon Cap Tax & Scam Ping ~ (POGW)
I don’t think this is new. China and India were never going along with it, yet it passed the House. The people who stand to make a fortune trading carbon credits will push it through.
On the surface, it looks positive the China, India, Brazil, Russia, and other countries have refused to bite the GW bullet. However, China may turn the tables because it feels that developing nations will target its exports for tariffs. China has agressive plans to develop wind and solar farms. I doubt that these renewable plants make much economic sense. However, China will likely argue that it is reducing its carbon output so the developing countries should make binding carbon reductions while China commits to wind and solar power.
The rats are determined to handicap our economy no matter the result of these global agreements. Even if no legislation passes, the EPA will impose carbon restrictions.
I’d wager that having them opt out is all part of the big plan anyway. Gotta have a manufacturing base somewhere, and China’s already got it by the throat anyway.
Supposedly if passed this would not take effect until 2012, giving Conservatives a very powerful and appealing plank to run on. (Elect us and we promise to repeal the Carbon Tax in our first seven days...)
I know, utterly hilarious.:) The Chinese are becoming more and more capitalistic with fewer business controls while America becomes more strict about the ‘correct’ way of doing things and the ‘right’ people to hire.
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