Two overriding ideas have come from the Bali Conference. Many of the 10,000 delegates, in particular those from Europe, blame America for all emissions problems, and think that they will get policies they like when the Bush administration is over. They ignore more important facts of history. The world, Europe especially, owes plenty to America, and all of its administrations for sacrifices to bring peace in two world wars, and two Asiatic wars; for huge balance of trade deficits that amount to nothing less than wealth transfers to the rest of the world; and for $trillions in foreign aid.
No one can predict in detail how the future will play out, least of all government planners. This was seen clearly in the problems of rigid Soviet economics, versus the thriving free market countries at the end of last century.
Fusion energy might arrive and solve all problems; but it always seems to be 50 to 100 years away. Barring that, this century's problems seem sure to center on energy. It will be difficult to convince any American administration, and also be counterproductive, for America to be rigidly constrained. If the end of cheap oil happens as a real crisis, free market capitalist countries, led by America stand the best chance of handling it. At some point, it may be right for America to promise steep emissions cuts, backed by its full faith and credit, with or without rigid numbers.
Already several nations face Kyoto Treaty fines up to $30 billion because they will miss the goals they promised. One negotiator said it had been hard to see how difficult the job would be; i.e., they did not see what they were getting into. For America's enormously complex economy, deciding numbers that can be met would be next to impossible.
Bali posts, Parts two and three, will consider emission transparency, and aid to poor nations. Aid programs will be easy to sell, because America is always generous.
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