Continuing the Theme

As world leaders prepare to gather in Copenhagen in December to sign yet another accord on CO2 emissions, The New York Times reports that world leaders are actually beginning to think about what it will cost.  According to the article, the cost to reach the CO2 goals to be set in Copenhagen may reach $1 Trillion per year by 2020.  Think about that number for a moment:  $1,000,000,000,000 per year.  And who is going to pay for it?  If you guessed "we will", then you would be correct.  The dollars reaped from huge tax increases and massive increases in energy costs that will result from the so-called "cap and trade" legislation that is pending in Congress will be shipped overseas to pay for the cost to produce "green" energy in the developing world.  And what of the other developed nations?  Won't they be paying too?  Not according to The New York Times:

Xie Zhenhua, the lead Chinese climate negotiator, speaking at a news conference in New York last month, said the United Nations should not expect China to pay.  “Global warming is a result of CO2 from developed countries during their industrialization,” Mr. Xie said. “China is one of the countries that has borne the brunt of that.”

Well, if China won't help with the cost, how about Europe?

Germany and France suggested at a recent Group of 20 meeting in London that they would contribute to the fund by reducing other types of aid.

In other words, if India and Africa expect to receive any aid from Europe to implement "green" energy, then they should also expect that other types of aid, such as infrastructure grants and food shipments, will be cut.

So here we are, debating over how we are going to come up with the trillions and trillions and trillions of Dollars it will take to reduce CO2 emissions, when we don't even know if CO2 causes "global warming"!! 

Somewhere, Al Gore is laughing as he watches the value of his portfolio grow.