Excerpt:
Kyoto is both a technical and a political failure. (If fully implemented, Kyoto will reduce global temperature by only 0.03 degrees Celsius.) Activists demanded that the U.S. sign Kyoto, but it won't. Why? Because it is a terrible deal. The U.S. would have had to bear up to two-thirds, or more, of the cost of Kyoto, likely more than all other nations combined.
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