Environment > New Zealand's $500 Million Kyoto Bill
New Zealand is facing the prospect of buying $500 million in pollution credits to comply with Kyoto in the 2008-2012 timeframe. New Zealand politicians originally sold voters on Kyoto by saying that they would be able sell $500 million in pollution credits.
To put that into perspective, New Zealand's 2004 GDP was $92.51 billion. To put that further into perspective, that 0.1% of annual GDP won't actually help the environment a bit. It will just pay off the environmental protection racket by purchasing pollution credits from some country whose economy went into the toilet after the 1990 baseline year. Via Tim Blair.
Posted by lesjones