November 16, 2008
Twenty nations including Japan, Italy and Australia may be releasing more greenhouse-gas pollution than they agreed to under the Kyoto treaty to curb global warming.
They're failing to rein in carbon-dioxide output enough to meet their pledges signed in 1997 in Kyoto, Japan, according to reports by individual countries. As a penalty for missing their goals under the treaty, the nations are required to buy permits for every excess ton of the heat-trapping gas released through 2012. That will total 2.3 billion permits for 20 nations, New Carbon Finance, a research firm in London, has estimated.
The potential penalty, 36 billion euros ($46 billion) for the group based on current permit prices, and the fact that only a minority of 37 Kyoto signatory nations may meet their pledges bodes poorly for international efforts to limit global warming.
``This shows there's a lot more interest in promising stuff than actually keeping those promises,'' :S:d1" onmouseover="return escape( popwSearchNews( this ))">Bjorn Lomborg, author of the book ``The Skeptical Environmentalist,'' said in a telephone interview from Copenhagen. ``What you should be doing is investing in research and development to make much more dramatic emissions cuts much cheaper in the future.''
Amen, brother. Amen.
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