Kyoto done the capitalist way

John Hinderaker gets in a bit of sarcasm in noting what the US is up to in reducing greenhouse gases.

consider Bush’s latest master stroke: the Asia Pacific Partnership on Clean Development and Climate. The pact includes the U.S., Japan, Australia, China, India and South Korea; these six countries account for most of the world’s carbon emissions. The treaty is, in essence, a technology transfer agreement. The U.S., Japan and Australia will share advanced pollution control technology, and the pact’s members will contribute to a fund that will help implement the technologies. The details are still sketchy and more countries may be admitted to the group later on. The pact’s stated goal is to cut production of “greenhouse gases” in half by the end of the century.

What distinguishes this plan from the Kyoto protocol is that it will actually lead to a major reduction in carbon emissions! This substitution of practical impact for well-crafted verbiage stunned and infuriated European observers.

The difference is between a top down mandate and a bottom up empowerment and enticement. Dafydd has a rundown on what it is all about at Captain’s Quarters.

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