Bush Was Right to Reject Kyoto 'Fiasco'
George Bush suffered heavy international criticism for rejecting the Kyoto Protocol, but it now appears he was exactly right: The treaty is a "fiasco,” Forbes magazine declares.
The treaty was negotiated in 1997 as a way to slow global warming, and formally took effect in February, without U.S. participation.
The Clinton administration agreed to the protocol, but the Senate refused to ratify it, in part because developing countries that were major polluters and trade competitors, particularly China and India, refused to participate in the Kyoto accord.
Even western Europe is not reducing emissions. According to the protocol, western European nations must reduce their emissions to levels 8 percent lower than those of 1990. But in the years since the treaty was negotiated, carbon dioxide levels increased by 7 percent in France, 11 percent in Italy and 29 percent in Spain. Overall, the increase for western Europe was 5.4 percent.
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