Exploring the kyoto protocol

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In December 1997, the U.S. government tentatively agreed at a United Nations meeting in Kyoto, Japan, to reduce nationwide emissions of greenhouse gasses by 7 percent below 1990 levels. This goal would be achieved by reducing the combustion of fossil fuels sufficiently to diminish emission levels in 2010 to 41 percent below where they would end up at current rates of emission growth. Although any estimates of the overall economic effects of the agreement are fraught with uncertainties, economists estimated that abiding by the agreement could reduce U.S. GDP growth by as much as 2.5 percent per year. As a result, President Bush announced in March of 2001 that the U.S. would not sign and ratify the treaty.

Regarding current information on GLOBAL WARMING & the KOYOTA PROTOCOL. Was this the right decision?

Reference no: EM13138371

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