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Capping CO2 Emissions, Boosting Energy Costs

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Abstract:

The United States has refused to ratify the 1997 Kyoto Protocol intended to limit and eventually reduce emissions of greenhouse gases in the atmosphere. The treaty did not meet two requirements Congress deemed necessary for a worthwhile international climate change policy -- that it: 1) do no harm to the U.S. economy and 2) include developing nations in emissions regulation. Congress should apply these criteria to proposed domestic climate change legislation.