Little support for extension of Kyoto to combat 'global warming'

The EU is going out on a limb for Kyoto II. Is it simply imposing an expensive burden on itself?

by John Redwood MP on 12 December 2012 12:31

One figure stared out of Mr. Davey’s Statement about the Doha Climate Change Conference. He reported that the “countries taking part in the second Kyoto period (2013 to 2020) account only for around 14% of world emissions (of CO2) – by 2020 this could be less than 10% of global emissions”.

Mr. Davey sagely concluded that “This underscores the need for the future climate regime from 2020 to involve action by all”. In effect just the EU and Australia agreed Kyoto II. China, India, the USA, and even Japan are no longer part of the Kyoto targets.

The EU has signed up to cutting emissions by 20 percent compared to 1990 by 2020, with an option to make that a 30 percent cut. It has confirmed its promise of €7.2bn of aid for climate change payments to developing countries  in the period 2010-12, followed by maintaining the average level of support from that period in future years.

This will be a disappointing outcome for all who believe in Global Warming theory. Surely if the theory is right the emissions of the whole world have to be cut, not just 14 percent of the emissions coming from the EU? As the EU deindustrialises and Asia and other faster growing economies go through their own industrial revolutions, they will generate an ever higher proportion of CO2. If the theory holds water, the EU needs to negotiate multilateral reductions, not just unliateral reductions in its own contribution to the world totals.

Those who do not believe the theory will wonder why the EU is imposing this expensive burden on itself. They will also question the wisdom of accepting the moral obligation to compensate other countries for past CO2 emissions in the EU, and wonder how well spent is the current fast-track climate change aid.

This blog originally appeard on johnredwoodsdiary.com

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