“Japan, Italy and Spain face fines of as much as $33 billion combined for failing to reduce greenhouse-gas emissions as promised under the Kyoto treaty.
The three countries are the worst performers among 36 nations that agreed to curb carbon dioxide gases that cause climate change.”
[May I remind you that this is the Japan after which the Kyoto Protocol is named, and the Italy which recently threatened India with trade sanctions if if didn’t accept European Kyoto-style emission targets. The arrogance is outrageous.] And the reason for the failures:
“’They’re looking at a huge bill now,’ said Mike Rosenberg, management professor at the University of Navarra’s IESE Business School in Barcelona. ‘That is because none would pay to reconvert factories, power plants and paper mills’ to trim gases blamed for the planet-warming ‘greenhouse effect.’”
Urban Legends of Climate Change: Palm Springs, California
50 minutes ago
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