Goodbye to the Kyoto protocol.
How well did those ambitious plans work out? The government solution that aimed to reduce CO2 emissions by 5% achieved a 58% increase instead. Welcome to Case-Study #224 in Government failure.
Kyoto climate change treaty sputters to a sorry end
“The controversial and ineffective Kyoto Protocol’s first stage comes to an end today, leaving the world with 58 per cent more greenhouse gases than in 1990, as opposed to the five per cent reduction its signatories sought.
From the beginning, the treaty that was adopted in 1997 in Kyoto, Japan, was problematic.
To reduce Greenhouse emissions: ditch the Kyoto protocol
Without Kyoto the US reduced emissions | Graph: Forbes
The big success story in reducing emissions has nothing to do with nanny-state hope-n-change regulation. The US reduced its emissions by 4% in a single year largely because they shifted from coal to gas.
“As a result of increasing use of gas to make electricity, the market share of coal has declined from 48% in 2008 to 43% in 2011 and likely 37% in 2012. Natural gas will capture approximately 30% of electric generation market share this year, sharply up from 12% in 1990 and […]
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