The eighteenth Conference of Parties to the Kyoto Protocol (COP-18) has ended. It was the latest chapter in the interminable negotiations over wealth redistribution and control of energy use and economic growth – in the name of preventing “dangerous manmade global warming.”
In a victory for common sense, America's top trading partner has become the first country to bail on the Kyoto Protocol before the nearly $7 billion in noncompliance costs comes due next year. Thus ends a pointless and pricey exercise in martyrdom.
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