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Online Stock Market Trading President Bush's plan for combating global warming received a frosty response around the world today, with Belgium questioning the morality of a plan that would allow U.S. greenhouse gas emissions to continue to rise.

The Bush administration' out global warming plan got the best of reporter David L. Greene ("Bush outlines plan on global warming, " Feb. 15). Contrary to the assertion in the article, the Bush plan would not reduce greenhouse gas emissions (the gases that cause global warming) 18 percent.

Stock Investing Course Bush offered incentives to companies that voluntarily slow the rise in heat-trapping gas emissions blamed for global warming, the rise in the atmosphere's temperature. The Bush administration withdrew from the 1997 Kyoto Protocol, which set mandatory reductions in greenhouse gases, arguing it would harm the U.S. economy.

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Stock Market Game "It's really shocking. . . . It's a bit like saying: 'Wealth is for us today in 2002 and we will leave the problems for our children or for people in Africa or Asia,' " said Belgium's energy minister, Olivier Deleuze, of the Green party.

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Stock Investing Game Deleuze led the European Union delegation at talks last year that secured support from most of the rest of the world to push on with the Kyoto treaty without the United States.

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Journal Prime Rate Street Wall "It's a policy that's not very moral, I feel," Deleuze told Belgian television channel RTBF of Bush's plan, which was announced Thursday.

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Stock Market News Many scientists say gas emissions -- particularly carbon dioxide from the burning of fossil fuels -- are trapping heat in the Earth's atmosphere, risking massive climate changes that could lead to disastrous floods and droughts. The United States generates roughly one quarter of the world's man-made greenhouse gases.

Stock Investing Basics Germany's environment minister, Juergen Trittin, said Bush's plan was "disappointing" because it was voluntary and failed to set targets for cuts by the world's biggest polluter.

Stock Investing Software "We must not slam the door for a return of the United States under the Kyoto Protocol's regime," he said. "We must not let the country with the biggest emissions of greenhouse gases worldwide escape responsibility for protecting the global climate."

Stock Market Trading The European Union's environment commissioner, Margot Wallstrom, said Bush's policy could lead the United States to break a long-standing commitment to stabilize greenhouse gas emissions.

Stock Investing For Dummy "It seems that President Bush's proposals will not lead to a reduction of greenhouse gas emissions but allow a significant increase," she said. "This raises the question whether the U.S. will be able to meet its commitments under the [1992] U.N. Framework Convention on Climate Change."

Stock Market Crash The United States remains a party to the 1992 climate change pact that President Bush's father signed at the Rio Earth Summit. The convention commits developed countries to try to stabilize their greenhouse gas emissions at 1990 levels.

Stock Investing Tip Japan, host of the Kyoto talks, said it was not "extremely happy" with the Bush plan. "It's obvious that this plan won't achieve the 7 percent reduction target which the United States had agreed to in Kyoto," Environment Minister Hiroshi Oki said.

Stock Market Chart The Bush plan did receive supportive comments from Australia's prime minister, John Howard, who said he shared Washington's skepticism about the Kyoto Protocol, which imposes emissions cuts on developed countries, but not on poorer, rapidly growing economies like India and China.

Online Stock Investing "We are a net exporter of energy, and unless you have the developing countries involved, we would be hurt," Howard said.

Stock Market Crash Of China did not comment directly on the Bush plan but voiced support for Kyoto agreement. "We think developed countries have the obligation to take the lead in reducing greenhouse gas emissions because they are the main greenhouse gas emitters in the past and now," Foreign Ministry spokesman Kong Quan said in a statement.

Stock Investing For Beginner Washington Post - 2/16/2002

Topic: Climate Change

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