Will the Senator agree further that an emissions trading scheme also has the beneficial effect of easing the economic cost that might be incurred by U.S. industry as a result of a regime of binding commitments entered into at Kyoto?
Discussing the economic implications of an emissions trading scheme related to the Kyoto Protocol.
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The entire U.N. process is geared to bring people together around a common goal.
The only way to achieve that goal is by coming together in a multinational basis.
The U.N. Finance Analysis suggests that it will cost trillions of dollars. Maybe $2.5 to $4.5 trillion a year between now and 2050.
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