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Monday, November 28, 2011
Letters Editor, Financial Post
300 - 1450 Don Mills Road
Don Mills
Ontario, M3B 3R5
Re: “Durban downbeat: UN Climate talks open to low expectations”, November 20th
Dear Editor,
Benny Peiser’s article points out Europe’s wasted expenditures on emissions trading, and implies additional costs to transition to a de-carbonized energy system based on renewables. Could it be that these expenditures are helping to create the European economic disarray we hear so much about?
Is it possible Europe’s economic problems might lead to a retraction of economic activity which would result in carbon dioxide reductions similar to those from economic collapse in Eastern Europe in the early nineties. Remember that Europe craftily figured those early reductions into their commitment to Kyoto. Canada rashly signed on to Kyoto with no such emission cushion.
Let’s hope Canada is not bamboozled into further impulsive commitments at Durban.
Yours truly,
Duane Pendergast