CHINA DEMANDS $66 BILLION A YEAR TO CUT CO2

In the negotiations to replace the Kyoto Treaty, the Chinese are demanding massive payments from the USA and other developed nations of 0.5% 0f GDP according to this report in order to cut their CO2 emissions. Here we can see the real price the West is being asked to pay without any guarantee that it will get any benefit in return. It is as if the Chinese are playing a game of blackmail - pay up or the planet gets it! The idea that nations are responsible for the past, when there was no knowledge of any theory linking CO2 to climate change is similar to the idea of retrospective payments to the descendants of slaves. It is something that must be resisted, or if accepted it will open the floodgates to thousands of claims.