Global warming

This is the first concise explanation of the Kyoto Protocol I've read.

Thoughts: "converging" to emissions caps on a per capita basis is ludicrous. Wealthy economies naturally will have higher emissions than poor countries that have little industry and few cars. A better idea would be to keep the caps based on economic output, and better still to allow trading of emission credits. This would encourage countries to develop policies that maximize output and minimize emissions, and would discourage unproductive causes of emissions such as gas-guzzing cars.

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