The refusal of China and India to go along with the carbon-dioxide limits
should be the death knell for the Cap and Trade bill currently being
considered by the Senate. The legislation is a pretty hard sell. Even
advocates admit restrictions would only have a small effect -- only a
fraction of 1 degree Celsius, a virtually unnoticeable .07 degrees -- on
global temperatures by 2050.

Even if a worldwide agreement made sense, an agreement without China, India
and other developing countries can be counterproductive. It could actually
mean more, not less, carbon-dioxide emissions. With massive increases in
energy costs for the United States, Europe and Japan, energy-intensive
manufacturing will move to countries without limits. That would negate some
of the carbon-dioxide reductions in countries with limits.

http://www.washingtontimes.com/news/...ing-cap-trade/

Best Regards

Tom.