We have a wonderful economist in Paul Krugman, yet he has been
perceived by our soldout media as an economist for sale. Krugman is
one of few economists who write newspaper articles and therefore he
brings intelligent common sense economics directly to people. And he
is one of the few economists who has most of his relevant papers and
articles available on the Internet. He is a great economist just for
the reason people can learn immediately so much from his ongoing
work.
Lately, he has ridiculed Bush's alternative plan to the Kyoto's
international treaty to reduce greenhouse gases that cause global
warming. We all know that president Bush is a manufactured product
of the Gross Domestic Product (GDP) American machinery and as such
president Bush releases economic policies which are both an
invention and byproducts of this GDP machinery. Bush's alternative
to the Kyoto's plan focuses on the reduction by 18 percent in the
next 10 years of the newly invented economic indicator "greenhouse
gas intensity."
The
greenhouse gas intensity is defined as volume of gas emissions
divided by GDP. Now since the Bush administration wants to reduce
this ratio by 18 percent over the next 10 years, and since it is
expected that the GDP will increase by some 30 percent over the same
period, then the resulting effect will be an increase of 6.6 percent
(1.30 times .82) in the overall gas emissions in 2012. The Kyoto's
treaty set a target for the U.S. to reduce emissions by 7 percent
below the 1990 levels within a decade, but the Bush's plan is a
phony plan as while it may reduce the invented "greenhouse gas
intensity" by 18 percent in the next 10 years it will increase the
emissions by 6.6 percent over the 2002 emissions which are already
14.5 percent above 1990's levels.
The Bush's plan is a regressive plan as in the year 2012 the
Americans will increase their greenhouse emissions by about 22
percent over the 1990 emissions (1.145 times 1.066). Also, we must
know, that while the U.S. continues to be the biggest polluter on
the planet, Britain and Germany have reduced greenhouse gases below
1990 levels by 10 percent and 8 percent, respectively, while
maintaining economic growth.
All our premiers, with the exception of Bernard Laundry of
Quebec, are a joke as they oppose Canada's commitment to honor the
Kyoto's treaty and join the fabrication of Bush's greenhouse gas
emission policies. The more I refer to the provincial economic
policies and the more I realize the phony mentality of our political
leaders to copycat the American policies. What we need is to
understand what "intelligent common sense" is, rather than follow
the bushy "common sense" peddled by president Bush, and by our
copycat premiers such as common sense Mike Harris of Ontario,
practical man Gordon Campbell of British Columbia, and clown Ralph
Klein of Alberta.
References
Ersatz Climate Policy by Paul krugman. SYNOPSIS: The new Bush
Greenhouse-gas initiative decreases nothing except Bush's
credibility. Originally published in The New York Times, 2.15.02
http://www.pkarchive.org/column/021502.html
Japan Not Satisfied with Bush Climate Proposal Daily News Yahoo,
February 14, 2002 http://dailynews.yahoo.com/htx/nm/20020214/wl/bush_climate_japan_dc_1.html
George Bush's global warming speech Full text http://www.guardian.co.uk/globalwarming/story/0,7369,650821,00.html
Clear skies for US, gloom for Kyoto. Bush's new environment
policy fails to cut gas emissions, Julian Borger in Washington,
February 15, 2002 The Guardian http://www.guardian.co.uk/globalwarming/story/0,7369,650478,00.html
Premiers ambush Chrétien on Kyoto. His only ally: Quebec: Klein
leads group saying climate treaty could sap economy Robert Fife,
February 16, 2002 National Post http://www.nationalpost.com/home/story.html?f=/stories/20020216/75855.html |