Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (357771)	11/9/2007 4:15:19 PM
From: RetiredNow	Read Replies (3) \| Respond to of 1573901

I think it's time for the UN to start imposing serious economic sanctions on countries in the top 10 emitters list that refuse to sign on to the Kyoto Protocol. That includes China, India, and the US. I think that the UN should use the WTO or any other means at its disposal to make sure that the countries who are doing nothing to fight carbon emissions, have to pay through a cap and trade program or through import taxes or something. And if the UN can't do it, because of China and the US' veto power, then the Kyoto Protocol signatories should impose sanctions themselves against the offending countries. The lack of responsibility and leadership by China, India, and the US is simply shameful. China Signals Rejection of Emission Caps By JOE McDONALD BEIJING (AP) -- A Chinese official gave the clearest sign yet that Beijing will reject binding caps on greenhouse gas emissions at a global meeting next month, saying Friday developing countries must be allowed to raise emissions to fight poverty. "Climate change is caused mainly by developed countries," Vice Foreign Minister Zhang Yesui said. "They should have the main responsibility for climate change and to reduce emissions." Beijing is about to overtake the United States as the world's top greenhouse-gas producer. It is under pressure from Washington to accept binding limits at a meeting in Indonesia of environment ministers from 80 nations to discuss a possible replacement to the 1997 Kyoto Protocol on emission reductions. Nations agreed in Kyoto to cut output of carbon dioxide and other heat-trapping gases to below 1990 levels by 2012. But China, India and other developing economies are exempt. "Most developing countries are in the process of industrialization and urbanization, and they face the arduous task of poverty reduction," Zhang said. "So they need a large period of time for continuous energy demand growth with the growth of greenhouse gas emissions." Zhang did not say directly what Beijing's position would be at the meeting on the Indonesian island of Bali, and he did not take questions from reporters. A European Union official who met this week with Chinese leaders said they told him in private meetings that Beijing could not accept any binding obligations. Zhang was speaking at a ceremony to launch a fund to channel money from emissions-reduction credits into environmental projects. The fund will collect a share of Chinese companies' revenues under a system that allows industries in developed economies to offset pollution by paying others to reduce emissions. Beijing has promoted that system among its companies while resisting emissions caps. China's stunning economic growth means it accounted for 58 percent of carbon emissions worldwide in 2000-06, the International Energy Agency said in a report this week.