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Kyoto Will Kill Europe
#1
So what is going on these days with Kyoto?

Well, the European Environment Agency says total Greenhouse gases in Europe are actually rising. The Kyoto Protocol states that it should be falling. The Friends of the Earth, Europe, a green group called the numbers "shocking". So what is Europe going to do?

European Commissioner of Energy, Stavros Dimas stated that there was a strong possibility that target dates wouldn't be met.

In their scramble Europe is also looking to Russia. There is a trading plan going on for C02 which lets members pay other countries for their CO2 Credits. In this way Europe can continue with its "lifestyle" of high taxes and low development. So all is well right?

A study released by the International Council for Capital Formation did three key studies,

Germany ,

Spain

and the UK.

Italy:

Quote:Meeting the Kyoto Protocol target in 2008-2012 through a combination of domestic actions plus purchases of international credits would increase the price of home heating oil by more than 11%. Consumers would also pay more for gasoline and diesel.

If Italy meets the Kyoto Protocol’s emission reduction target, prices for industry would rise dramatically. Italian industries would pay more than 44% more for natural gas and 13% more for electricity than under the baseline projection.

Under the assumption that the Kyoto Protocol’s emission targets are made even more stringent in the post-2012 period, the impact on household heating oil prices would rise to more than 15% above the baseline estimate by 2025. Gasoline and diesel prices would rise substantially, between 11-16% by 2025.

Spain:

Quote:Meeting the Kyoto Protocol target in 2008-2012 through a combination of domestic actions plus purchases of international credits would increase the price of home heating oil by more than 32%. Consumers would also pay more for gasoline and diesel.

If the Spain participates in the Kyoto Protocol’s economy-wide emission reduction program, prices for industry would rise dramatically. Spanish industries would pay more than 42% more for natural gas and 24% more for electricity than under the baseline projection.

Under the assumption that the Kyoto Protocol’s emission targets are made even more stringent in the post-2012 period, the impact on household heating oil prices would rise to more than 43% above the baseline estimate by 2025. Gasoline and diesel prices would rise substantially, between 15-19% by 2025.

Germany:

Quote:The ratification and implementation of the Kyoto Protocol has been shown to have an impact on the Germany’s energy sector. Germany made a commitment to phase out its nuclear generating capacity by 2020. Under the assumption that Germany does retire its nuclear capacity as proposed, the economic implications of the proposed policies to limit CO2 emissions would be even more severe.

The reduction in emissions from domestic actions would not be sufficient to meet their commitment during 2008-2012 period, and the shares of reduction from domestic actions against their targets in longer term would become significantly smaller than those with continuing nuclear operations.

Germany would need to purchase credits on the international market and economic performance would deteriorate significantly. In 2010, the impact on real GDP would be 0.9% with 342,000 jobs lost. If Case 1 has to be achieved, GDP would fall 1.6% below the base case and there would be 627,000 fewer jobs in 2025. Under Case 2, GDP would fall 1.9% below the base case and there would be 744,000 fewer jobs in 2025.

Global insight is assuming that buying the credits would have to be passed on to consumers. Which is likely given that those countries pension plans and low birth rates are already eating up most of their future.

Since growth in Europe is little more than 1%, you can expect most of Europe to fall into a deep recession if it attempts to meet the Kyoto numbers that they have committed to. It is not a good day to be a greenie.

So what does Europe have to look forward to? A recession, jobs would leave Europe and capital investment would flee. Someone once remarked that the US was on the fringe of bankruptcy. With Kyoto, we are watching Europe run and embrace it. If we think that the riots in France recently were bad, guess what will happen with the wholesale destruction of jobs and wholesale unrest?

Not to mention burning all those cars and homes. Shock Shock what will that mean to emissions standards then?!?
"I detest the man who hides one thing in the depths of his heart and speaks forth another"
-Homer
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#2
Quote:In their scramble Europe is also looking to Russia. There is a trading plan going on for C02 which lets members pay other countries for their CO2 Credits.

Slightly off topic. 7 or 8 years ago I was working with the VP of an Enron subsidiary on a project. He told me that Enron was quietly positioning themselves to be CO2 credit brokers after Kyoto went into effect. I always wondered if they were cooking the books to make a move at controlling the carbon credit market. If Gore had been elected instead of Bush, instead of an Enron collapse they might be the most powerful corporation in the world today.
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#3
Credit trading would be like stock trading, and it could be profitable.
"I detest the man who hides one thing in the depths of his heart and speaks forth another"
-Homer
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#4
Good news! Global warming could cause a new Ice Age in Europe!!! No need for Euros to worry about greenhouse gas emissions - it's going to get colder!

-S


http://www.cnn.com/2005/TECH/science/11/...index.html

Quote:(CNN) -- The Atlantic Ocean's flow between the tropics and cold, northern waters appears to be weakening, which could drastically alter the weather in Europe, a newly released study shows.

The findings, published in the journal Nature, found that the Atlantic Conveyor flow slowed by about 30 percent between 1957 and 2004.

The cycle of flow, technically known as the "Atlantic meridional overturning current," plays a key role in warming northern Europe.
....
Bryden said that climate models suggest that if the Atlantic Conveyor shut down, temperatures in northwest Europe could drop by 4 to 6 degrees Celsius, or about 10 degrees Fahrenheit, in 20 years.
....
Scientists have predicted that global warming could disrupt the current.
....
If the Atlantic conveyor belt were to break down, many scientists say it could trigger an ice age in which northern Europe comes to resemble Siberia. The data in this study suggest the conveyor belt is not breaking, but it is slowing down.
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#5
Yes, Stars & Stripes, Global Warming is already being sold as the cause of the impending ice-age. It is also the cause of the Lion needing to defeat the White Queen in Narnia.
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#6
They'll ignore it,it isn't going to harm their economies. Blair already stated they would ignore it.

And these are our morally superior ethnic brothers.
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