He was not pleased with Gore's ad hominem attacks. Green Senators Lieberman, Chafee and Kerry were not co-sponsors of this resolution and have little credibility in discussing it. One can only hope that Senator Hagel, Congressmen Sensenbrenne, Dingell and the other reasonable members of this delegation will take the next step and ask that no Kyoto Treaty be signed. Minor changes and rhetoric cannot remedy this treaty. Moreover, with the Asian economies now in serious disarray, any steps to raise energy prices and to further reduce car demand would be foolish.
Much work remains to be done.
Implications of Global Energy Rationing A startling picture is beginning to emerge regarding COP-3's discussions of emissions trading, joint implementation and credits. Do so, they argued, and you too can benefit from internal emissions trading. Thus, a Kyoto agreement might well encourage the creation of new trading blocs throughout the world. Nations that don't produce energy would be rewarded with wealth transfers from countries that do. Past political attempts to create such special currency regimes - food stamps, agricultural allotment systems, oil import quotas, and agricultural curtailment schemes have encountered severe problems.