I just learned that under the Kyoto accord “developing countries” such as China are exempt from certain significant provisions related to how carbon credits are exchanged. This means that one of the worlds largest polluters would not only be exempt from economic penalties for emissions, but they would in fact receive a significant amount of money from western “developed” countries.
This seems more than a bit odd to me, considering how much of our money is already being sent to China to buy so many products. It starts feeling like we will be subsidizing manufacturing in China.
The more I look at the Kyoto Accord the less it appears to be about global warming, and the more it looks like it’s about the redistribution of global wealth. This also explains why those on the left like it so much.
Let’s not forget that our very own Maurice Strong was the main force behind Kyoto back in the early 1990’s. Where is he and his investment money now?
