U.N.’s Global Climate Change Plan Would Cause Economic Earthquake

Nicolas Loris /

Yvo de Boer (R), Executive Secretary of the United Nations Framework Convention on Climate Change, pictured prior to the negotiations for the climate conference in Bonn, Germany, 29 March 2009. Some 2000 delegates from all over the globe started negotiations on a new global climate treaty on Sunday. The negotiations under the roof of the United Nations are to be completed during the climate conference in Kopenhagen in December.

While an earthquake shifts the ground beneath our feet, the United Nation’s climate change proposal would shift trillions of dollars in wealth transfers and entail “ job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes.” And while earthquakes inflict considerable amounts of economic damage, it pales in comparison to the economic burden a carbon dioxide reduction scheme would do – not only in the United States but also in other developed countries and developing countries.

The U.N. conference in Bonn, Germany commenced yesterday to hash out details for an international approach to reducing greenhouse gas emissions. The goal is to have a plan ready for the global warming summit in Copenhagen at the end of the year that would supplant the failed Kyoto Protocol. The 1997 agreement, which the United States chose wisely not to enter into,

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