Monday, November 28, 2011
KYOTO IN DURBAN: FORGET IT!
Can you believe it was nearly 14 years ago that the Kyoto Protocol for remediating global warming was adopted, with the USA leading the way? Well, the U.S. Senate never ratified the "treaty," and there has been a subsequent series of failures along the way, especially the embarrassment in Copenhagen almost two years ago, where President Barack (you must click on this link to view the irony of this all) actually showed up and was dumb enough to give a speech.
Now, the same dedicated bunch, rest their souls, is meeting in Durban, South Africa, and, while they surely will have gotten smart enough to place a proper kind of spin on proceedings this time, take it from me, nothing important will happen. The problem is that no one is dying from any sort of warming and only marginal entities are being impacted by sea level rise.
Mind you, while the Nobel Prize-winning Intergovernmental Panel on Climate Change (IPCC), rest their souls, keeps telling us this crisis is real and man-made, the disinformation specialists, very adequately funded by the fossil industry, are winning the media war. That was six years ago. Here, a more recent compilation. And, if you need additional ammo, even more.
Look, I hate to sound gender-challenged or whatever, but the United Nations Framework Convention on Climate Change gathering in Durban is being led by Christiana Figueres and Maite Nikoana-Mashabane. Anyone know them?
Yes, Al Gore is nowhere in sight, and he personally showed that "important people" don't matter. But do you have any confidence in this current gathering? 190 nations will meet for two weeks. Let me show another photo from Durban. Tell me what is that symbolic protest?
DON'T LOOK!! Okay, sea level rise.
Mind you, those developed countries that actually accepted the Protocol by 2009 dropped 6.4% below their 1990 level. The bad news is that 6.5% came since the 2008 recession. Aha...a clue. A greater depression should monumentally reduce emissions. Here is a nice tally:
The key figure is that the world increased by 38% during the period of the Kyoto Protocol, which expires at the end of 2012.
After Durban (above)? No site has been selected, but Qatar or South Korea will be the likely host in 2012. No matter, as countries take years to ratify anything, save for the USA, which has so many treaties, protocols and matters of life or death importance pending, that they rarely approve anything anyway. Something tells me that President Obama will not venture forth to Durban this year.
The Dow Jones Industrials jumped 291 to 11,523, recovering from the worst Thanksgiving week since 1932, with world markets also up. Gold jumped $29/toz to $1711, while the WTI oil increased to $98/barrel and the Brent Spot to $109/barrel.