Kyoto has cost the world’s governments and companies at least $150-billion in research, subsidies, compliance costs and lost economic activity. Yet there is no proof it has saved even a tonne of carbon emissions.
(August 4, 2011) In its quest to promote green energy and reduce the world’s carbon footprint, the United Nations has so distorted the economics of power production that it is set to subsidize over three dozen coal plants in India with some $5.3 billion in “carbon credits.”
(March 4, 2011) Peter Bosshard of International Rivers writes in the Guardian that China’s dam building frenzy threatens to destroy the country’s biodiversity. Ironically, trying to aggressively reduce CO2 emissions by building megadams will do more harm than good for the environment.