In 2001, President George W. Bush withdrew from the Kyoto Protocol,
saying that it would hurt the economy and unfairly left rapidly
developing countries without emissions limits in its first round.
Most scientists believe greenhouse gases are causing global warming
that could lead to catastrophic consequences such as stronger storms,
heat waves and flooding as warmer temperatures melt glaciers.
From Reuters, 8/15/06:
http://news.yahoo.com/s/nm/energy_states_carbon_dc
Northeast states to act on CO2 where Bush won't
By Timothy Gardner
NEW YORK (Reuters) -
Seven northeastern U.S. states said on Tuesday they had agreed on a
model rule that would create the country's first market for
heat-trapping carbon dioxide by curbing emissions at power plants.
The agreement, called the Regional Greenhouse Gas Initiative, is
relatively weak compared to the European Trading Scheme, the emissions
trading program set up by the European Union to meet its obligations
under the Kyoto Protocol on global warming.
But one expert said it was a landmark agreement that may help force
the federal government to take action on reducing greenhouse gases.
"It's a good first step, but the road is pretty long, and we are going
to need substantive greenhouse gas reductions," said Peter Fusaro, a
carbon markets expert and the CEO of Energy & Environment Capital
Management LLC in New York.
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Harry
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