REPORT ON THE LATEST CLIMATE SUMMIT

This report in the Telegraph by Christopher Booker shows that the nations of the world are still a very long way from agreeing about what to do to reduce carbon dioxide emissions. In fact Booker seems doubtful that any useful agreement will be reached at all. It is the expected response in light of the fact that reducing CO2 by any meaningful amount would cause severe negative economic consequences, and no political leader really believes otherwise. When you add on the proposed wealth transfer from richer nations to poorer ones the consequences are simply nuts. Booker has summed it up very well.