SEARCH BLOG: CHINA and CAP TRADE
Many of you have seen the long-standing blurb in the right column titled Democratic Party Suicide. It is a laundry list of why the Cap and Trade [aka Cap and Tax / Cap and Scam] will achieve nothing except creating a significant cost to our economy and burden those least able to afford it.
Forbes Magazine November 2, 2009 issue ran and editorial piece by Peter Huber of the Manhattan Institute titled The Carbon Con Game.
Since nobody can track how many twigs, cowpats and rice husks a billion peasants burn--or alternatively, leave to fungi to convert into methane, a powerful greenhouse gas--China's carbon accountants can make its renewable numbers come out anywhere they like.Hidden in the article is one sentence that strikes at the heart of the matter:
The global climate, however, doesn't care a fig about hyphenated emissions, whether per capita, per dollar or per unit of sly political prevarication.It really doesn't matter whether China's accountants fudge the numbers or not. It's just an exercise in futility. It's also an exercise in wealth transfer... to China... as if the U.S. hasn't done more than enough of that already.
China says because it's poor and we're rich, we must slash our emissions--absolute emissions, not the per-GDP kind--by 25% to 40% in the next decade, and also pay China and other developing countries in both cash and technology transfers to help them curb theirs. Translation: "You're responsible for our sorry past."
Meanwhile in the U.S.