You can go read the article if you like, but I can summarize the issue far more honestly than even Bloomberg. I read the Guardian version and its far worse.
Since 2000, when Kyoto kicked in, the rate of increase in CO2 emissions has been 200%. More importantly, Kyoto has managed to break the long-standing trend of an annual decrease in energy and hence CO2 emissions per unit in GDP. Historically, energy input per unit of GDP has decreased by 0.6% per annum. This trend has been remarkably stable for a long time. Astonishly, Kyoto has managed to break this fundamental economic trend and energy per unit of GDP is no longer declining and may even be increasing.
The Times article is a bit better in that it does confuse CO2 emissions with declines in CO2 sinks. But it still doesn't draw the obvious conclusion that Kyoto is driving the rise in CO2 levels by shifting energy intensive industries to much less energy efficient locations like China and India. |