December 22, 2009 – The post-Copenhagen verdict runs the gamut from “By George, we’ve got it!” to “The sky is falling!” depending upon whom you believe. My hope and my prayer is that it is a beginning, one upon which we will shortly build. One note to readers: when you hear that the United States is advocating a 17% reduction in carbon emissions by 2020, be mindful that we use 2005 emissions as our starting point. The rest of the world uses 1990, as stated in the Kyoto Protocol. When we convert our reduction to a starting point in 1990, the reduction works out to be 3 – 4%. Call it what you like. It’s not enough. That’s why Copenhagen must be considered a beginning only. My hat is off to the thousands of delegates who worked tirelessly to bring us this far. One attendee came up with what I thought was a brilliant idea. Perhaps you heard: George Soros, the billionaire investor, has proposed that developed countries lend money they received in Special Drawing Rights (SDR) from the Intern...
Understanding the global-warming world: causes and ramifications.