Crush Liberalism

Euros abandoning Kyoto?

Even a broken clock is right twice a day.  From Eurabia:
Although the European Commission has said it wants to cut greenhouse gases by 20 percent by 2020, business leaders oppose the use of fines to oblige industry to reduce its emissions — especially in the current economic crisis.

The cost to industry is estimated at some 44 billion euros per year between 2013 and 2020, with a tonne (1.1 US tons) of C02 costing 30 euros.

Business leaders have denounced the policy as a “tax” (probably because that’s exactly what it is! – Ed.), threatening to take their investments elsewhere and move their more polluting activities out of Europe.
…
A number of European politicians are now speaking openly about diluting, or even abandoning the project.

“This plan is garbage. It’s politically correct, but it won’t happen,” former Italian prime minister Giuliano Amato said at the end of August.

Renato Brunetta, Italy’s minister for innovation, has been equally blunt.

“If it happens, it would kill the economic upturn. No one needs to kill themselves,” said Brunetta, a trained economist.

I seem to recall a bunch of folks who, about a dozen years ago or so, foresaw the economic ruin that would result in subscribing to this destructive Kyoto Treaty.  If I’m not mistaken, these folks were known affectionately in many circles as “economists”!

The Kyoto Treaty was nothing more than a mechanism to wreck the economy of the West, all under the guise of “climate protection”!  Why else would India and China have been exempted from the treaty?  The Euros are beginning to reap what they have sown, and many of them (at least in the business community) are beginning to realize their folly.

September 22, 2008 - Posted by crushliberalism | economic ignorance, Euros, global warming