Wednesday, May 13, 2009

Mexico’s [Climate Fraud] Alternative to Global Cap and Trade [Fraud] Gains Steam
Mexico’s proposal for a global climate change fund, instead of the rigorous cap-and-trade function favored by the European Union and President Obama, may win out for its pragmatic approach, one of the EU’s top climate negotiators indicated.

Mexico’s approach would establish a central fund, with each nation paying in based on their population, gross domestic product and greenhouse emissions.

The funds in the central pot would be divided among all countries based on their level of need to cut emissions, build green technologies or adapt to climate change impacts, reports Reuters.

1 comment:

MAS1916 said...

This seems like a taxation scheme on the successful - sort of like the US Tax code. It would achieve the same result of restricting growth.