The most important result of the G8 summit with regard to climate change is the United States agreement to participate in discussions that may very well define the post-Kyoto protocol. The current framework will expire in 2012 and early vigorous negotiations are the best shot we have at a lasting plan to address the problem of global warming.
The U.S. remains the only G8 member that has not ratified the Kyoto treaty. The U.S. has long resisted participation in talks partly based on the absence of China and India. The argument of lasting damage to the American economy looks increasingly flimsy. A short term drag on U.S. growth and productivity will almost certainly be overwhelmed by long-term job growth resulting from technological innovation aimed at solving the crisis of global warming.
Technorati Tags: G8, Kyoto, global warming
The U.S. remains the only G8 member that has not ratified the Kyoto treaty. The U.S. has long resisted participation in talks partly based on the absence of China and India. The argument of lasting damage to the American economy looks increasingly flimsy. A short term drag on U.S. growth and productivity will almost certainly be overwhelmed by long-term job growth resulting from technological innovation aimed at solving the crisis of global warming.
Technorati Tags: G8, Kyoto, global warming
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