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Read aguanomics http://www.aguanomics.com/ for the world’s best analysis of the politics and economics of water Interesting results on the conversion of “aid” from developed countries into “compensation” to developing countries for losses and damage due to CC. Although cap and trade sounds good on paper, I think they need to remove offsets (seems that the Clean Development Mechanism is dead anyway) and just stick with straight emissions, while counting deforestation as a net emission. I am not sure if countries with caps cannot use a tax to reduce emissions but I don’t see why not.
Oh, and THIS is funny as hell:
There was last-minute drama as the talks were thrown into turmoil by the insistence of Russia, Ukraine and Belarus that they should be allowed extra credit for the emissions cuts they made when their industries collapsed.After a long delay, the chairman lost patience, re-started the meeting and gavelled through the agenda so fast there was no chance for Russia to object.
A cheer exploded into prolonged applause. Russia bitterly objected at what it said was a clear breach of procedure, but the chairman said he would do no more than reflect the Russian view in the final report.
Bottom Line: Progress has restored some momentum. Now the US and China have to stop fucking around.
2012-12-11 22:40:50
Source: http://www.aguanomics.com/2012/12/the-doha-talks-on-climate-change.html