Can the Kyoto Protocol be justified?
To listen to the outrage from around the world, anyone would think that President Bush had just dropped a nuclear bomb on every capital in the world. Only one news outlet offered any balance whatsoever to the cacophony of cries that Bush should be tarred and feathered and run off the surface of planet earth. The March 30 London Electronic Telegraph opined, “The prophets of Armageddon should cool down. The world is not going to end as a result of Mr Bush’s decision. Even if the Kyoto proposals were rigorously adhered to, they would not affect the globe’s temperature by more than a fraction of one degree over the next 50 years and that is according to the estimates of the agreement’s most enthusiastic supporters.” The Telegraph’s statement is true. The impact of a fully implemented Kyoto Protocol is almost nonexistent.