Killing Cap & Trade; China and India Help Sink Global Emissions Regulation
Byline: THE WASHINGTON TIMES
Thank goodness for the Chinese. Together with India, China helped guarantee that this week's G-8 meeting failed to reach any agreement on limiting carbon-dioxide emissions. Ironically, the actions of the People's Republic should help America avoid going further down the road of over-regulation.
The refusal of China and India to go along with the carbon-dioxide limits should be the death knell for the Cap and Trade bill currently being considered by the Senate. The legislation is a pretty hard sell. Even advocates admit restrictions would only have a small effect - only a fraction of 1 degree Celsius, a virtually unnoticeable .07 degrees - on global temperatures by 2050.
Even if a worldwide agreement made sense, an agreement without China, India and other developing countries can be counterproductive. It could actually mean more, not less, carbon-dioxide emissions. With massive increases in energy costs for the United States, Europe and Japan, energy-intensive manufacturing will move to countries without limits. That would negate some of the carbon-dioxide reductions in countries with limits.
But the problem is worse than that. China, India and other less-developed countries generally use energy less efficiently. …