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Climate Change and International Trade

The Wall Street Journal today ran a top-fold, front page news item about how China’s insatiable demand for energy has stimulated a boon in the international trade of coal. This is more evidence that globalization makes a mockery of the best laid plans to fight climate change. So while Congress deliberates, and enviros agitate, big, bad King Coal is making money hand-over-fist selling coal to a growing China.

It reminds me of the California Air Resources Board’s attempts to reduce greenhouse gas emissions by regulating heavy, diesel-powered construction equipment. Overnight, robust trade in heavy, diesel-powered construction equipment began between California, and Mexico, Central and South America.

Let’s not kid ourselves: Someone will want to turn the planet’s minerals into energy until every last bit of coal and oil is gone.

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02/12/2008 @ 10:10 am | Global Warming, Trade | Comments

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International Trade 6 months ago 1 point
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Enviros agitate could not be more accurate. If it were left to them, we would all be living in the jungles with loin cloths like the tribe they just discovered in a remote area of Brazil. They are always fighting against something instead why dont they put their energies and donations into design and development of viable alternatives and join the business world by going public with their new creations?

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