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A United Nations document on "climate change" that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes — all under the supervision of the world body.
US is gearing up to take a central role with other countries in slashing greenhouse gases.
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At its first negotiations on climate change, the Obama administration is trying to convince other countries that the U.S. does care about global warming and wants to shape an international accord.
.... After eight years on the sidelines, the U.S. says it is ready for a central role in developing a new agreement to slash greenhouse gases. ....
In a rare move, State Department climate envoy Todd Stern joined the rest of the U.S. delegation in Bonn, Germany, for the first of a series of largely technical meetings that begin Sunday. ........ participants "will be very excited'' to hear Stern outline the basic principles that will guide the U.S.
.........there is now a Democratic-controlled Congress moving to embrace mandatory limits on greenhouse gases.
But President Barack Obama has acted to reduce U.S. greenhouse gases and wants Congress to pass a cap-and-trade program that would cut global warming pollution 80 percent by mid-century.
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