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Europe
Missing Kyoto targets will cost Spain EUR 3bn
2006-07-14
From the Dept. of Be Careful What You Wish For:
The government's efforts to meet the Kyoto Protocol climate change agreements are to cost up to EUR 3 billion, it was reported on Thursday. The bill between 2008-2012 will reach EUR 3 billion, but even then the country may not cut down greenhouse gases enough to meet the agreement, the environment ministry said. The Spanish daily El Pais reported Spanish greenhouse gas emissions have risen by 53 percent since it signed the Kyoto agreement. Under that accord, it could only increase CO2 emissions by 15 percent above 1990 levels. The Spanish government now admits it will probably only be able to cut its emissions down to 37 percent above the 1990 levels by 2012. Spain will have to buy up emission rights – paying cash to pump CO2 and other harmful gases into the atmosphere. The bill for doing this is could reach EUR 3 billion.

Posted by:Seafarious

#7  We told em' it wouldn't work.
Posted by: bigjim-ky   2006-07-14 14:45  

#6  It's all a bunch of hot CO2. When it starts to hurt economically, seriously affected countries will quietly ignore payments. If threatened (Heaven forbid) with a strongly worded message of sanctions of some other crap, the countries will get out of the treaty. The Kyoto Treaty will fall like a deck of cards. Heh heh, the bureaucrats answer to the threats of junk science. So how is the Minister of Climate Change doing these days? What's his CO2 output figures?
Posted by: Alaska Paul   2006-07-14 10:39  

#5  And the rest will go bogus 'carbon capture' projects. My favourites are those that 'capture' methane from pig shit etc and then burn it producing - you guessed it - CO2.
Posted by: phil_b   2006-07-14 05:30  

#4  First Al-Qaida came for Spain and took their lives, next the EU comes and takes their wealth. What's next?

Much of the money will be sent to Russia...
Posted by: Kalle (kafir forever)   2006-07-14 02:20  

#3  Who gets the loot? Whoever it is has my vote as among the greatest scam artist(s) of all time. Kyoto was the 'magic bullet' that would destroy the U.S. economy, but (so far!) we saw through the scam and didn't play along. Now the Tranzi fools find themselves holding the bag. What I think will actually happen is that faced with these bogus bills, one government after another will treat the payments like their UN dues, i.e. just never quite get around to cutting the check.
Posted by: PBMcL   2006-07-14 01:44  

#2  tax Islamist gains....
Posted by: Frank G   2006-07-14 00:37  

#1  "Oopsies"
Posted by: Throse Angeretch7863   2006-07-14 00:20  

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