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FF_Canuck





Joined: 02 Sep 2006
Posts: 3360
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Location: Southern Alberta

PostPosted: Mon Jul 28, 2008 2:07 am    Post subject: Financial Post: No reduction targets for India Reply with quote

India, currently responsible for 5% of global carbon emissions and growing, is getting a real sweetheart deal from the UN, according to Lawrence Solomon:

Solomon wrote:
...the UN’s climate change convention “recognizes that ‘economic and social development and poverty eradication are the first and overriding priorities of the developing country parties.’ Thus, developing countries are not required to divert resources from development priorities by implementing projects involving incremental costs.”... The UN’s climate change convention is even better than that — it’s a money-maker for India and a lever with which to obtain western technology. As the Action Plan makes clear, there’s only one condition under which India need spend a
rupee to help curb global warming “— (if) these incremental costs are borne by developed countries and the needed technologies are transferred.”


He goes on to describe how India's Action Plan openly acknowledges the uncertainty of AGW Theory and even lists contrary evidence.

Solomon wrote:
...The upshot? With climate change such an ephemeral threat, why spend money on this possible non-event. Much better to focus on maximizing wealth and health.
The prescription? Grow the economy as fast as one billion people can possibly manage by building hundreds of new coal-fired power plants — India is planning a five-fold increase by 2030, making it the world’s third largest CO2 producer....

LINK

The current Kyoto-inspired regime resembles a weight-loss program wherein a fat man continues his habits and instead pays a marginally less obese neighbour to walk around the block after a day of binge eating.
Mac





Joined: 02 Sep 2006
Posts: 5500
Reputation: 104
votes: 35
Location: John Baird's riding...

PostPosted: Mon Jul 28, 2008 10:16 pm    Post subject: Reply with quote

Isn't carbon trading wonderful? It's like having a "pay-to-pee" area in the pool.

-Mac
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Financial Post: No reduction targets for India

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