Environmentalists: Climate bill won’t work

May 22, 2009

This just arrived in my inbox from Friends of the Earth. Here is why the group says it can’t support the Waxman-Markey climate bill:

1) It sets the bar too low. It would reduce pollution, but not enough to save us from catastrophic effects of global warming. 2) Instead of being forced to pay for the transition to clean energy, corporate polluters would receive hundreds of billions of dollars in handouts, and ordinary citizens like you and me would be stuck with the costs. (That’s why Shell Oil and other corporate polluters support the bill.) 3) The bill contains massive “offset” loopholes that would delay its already-too-weak pollution reductions. 4) Despite the recent financial meltdown, the bill allows Wall Street traders to game new carbon markets, creating the potential for wild swings in energy prices that damage our economy.

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With reference to the above article, the short article below explains the scenario in the Asian Climate Change context.

“Green Energy : A Paradigm Shift in Sustainability”

Green energy is not something new since the discovery of the depletion of the ozone layer and global climate change as a direct impact of green house effect on a worldwide scale.

Various international conventions/agreements on the reduction of green house effect will remain forever on glossy papers if countries around the world are not serious in committing themselves towards real implementation within national boundary.

Political will power, or even real politics for that matter alone, is insufficient in promoting green energy as attested by the economics of reality in both developed and developing countries.

A paradigm shift is needed in forging a new instrument of international co-operation within the wider framework of Free Trade Agreements and joint conviction shared by stakeholders such as the OECD, major banking bodies(i.e. IMF, World bank, ADB) and leading industrial/corporate entities.

Jeong Chun-phuoc
[an an advocate of Competitive & Strategic Environmenting]

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