Kyotoism, the philosophy that the Kyoto Protocol (KP) of binding carbon emission reduction by many rich and industrialized countries will help "save the planet", is dying. KP was adopted in 1997 in Kyoto, Japan, and became binding by 2005. It will expire by the end of 2012. Thus, the rush by the UN and many governments to have a new binding agreement that will supplant KP by 2013.
The point organization to prolong climate alarmism and all the rackets attached to it -- more environmental regulations, more carbon and energy taxation, more climate bureaucracies and bureaucrats, more global climate junkets, more climate loans, more public debt by many governments -- is the UN Framework Convention on Climate Change (UN FCCC). Thus, there have been huge global climate meetings called the Conference of Parties (COP) in the past, particularly the COP 15 in Copenhagen, Denmark in December 2009, then the COP 16 in Cancun, Mexico in December 2010. The next COP meeting will be in Durban, South Africa, this coming December 2011.
So you have the world's biggest carbon emitters -- China and the US, plus Japan, Russia, Canada -- not signing another round of "Earth-saving" deep emission reductions. The UN bureaucrats involved in climate alarmism like the IPCC, FCCC, UNEP and WMO, would be panicking by now. If many rich country governments are not convinced of the "urgent necessity" to save the planet, and these same countries have serious fiscal problems like huge public debt, the next move could be the reduction of UN funding, and that might affect all their globe-trotting lifestyle to scare the world.
Read more: http://www.smh.com.au/environment/climate-change/kyoto-deal-loses-four-big-nations-20110528-1f9dk.html#ixzz1NqwXnC00
Aside from real climate science slowly being asserted over political science, the deep fiscal problems by almost all rich countries, and the continuing financial catastrophe experienced by some of them, are the big considerations why many economies will be constrained to stop their economically-suicidal policies of making their energy supply become unstable, energy prices become expensive, and emission fees become more prohibitive.