ChimpCo's Answer To Kyoto - $450 Milion In DOE "Pledges", No Emission Limits

[hatrack]

WASHINGTON, DC, United States (UPI) -- To fund a portion of the recently announced Asia-Pacific Partnership projects, the U.S. Department of Energy has pledged $450 million and is looking at another $52 million in budget requests.

Critics of the Asia-Pacific Partnership on Clean Development and Climate say that $500 million from the United States is only a fraction of the amount that would have to be spent to meet the targets set in the Kyoto protocol, which Washington is no longer party to. Ever since the announcement of the Asia-Pacific Partnership in July 2005, proponents of Kyoto said the group would be ineffectual because of its lack of deadlines, regulations and legal binding.

In an attempt to demonstrate they are moving toward producing results, the U.S.-led group announced the initiation of 98 projects Tuesday at a conference in Columbus, Ohio. Member countries account for around 50 percent of the world`s greenhouse gas emissions and with no mandatory regulations none of the partners has significantly lowered their emissions.

After their first two meetings in January and April, the group drew up a charter and created a work plan and eight individual task forces to address what they deemed the most serious environmental problems. Partners from each of the six countries -- the United States, China, India, Japan, Australia and South Korea -- contributed to the new plans, said Paula Dobriansky, undersecretary of state for democracy and global affairs.

EDIT

http://news.monstersandcritics.com/energywatch/features/article_1217862.php/Change_without_regulations

[eppur_se_muova]

1. K&R for the infamy! nt