Graph of the Day for October 5, 2009

"But Gore also acknowledged that one reason the Senate balked at ratifying the Kyoto Treaty was because other major emitters in the world had no obligations to cut back.  ‘The very fact that developing countries like Brazil, Indonesia, China -- which is in its own category -- have begun to take steps,' Gore said, ‘I think that makes it a very different situation.'  Since Kyoto, China has overtaken the United States as the world's largest emitter of carbon dioxide."

Source:  NPR

Source:  US Statistical Abstract, Table 1304

Hoven's Index for October 5, 2009

Percentage growth in CO2 emissions from fossil fuels from 1997 (year before Kyoto treaty) to 2005:  worldwide, 24%; China, 73%; Indonesia, 47%; Brazil, 12%; US, 7%.  (Source:  US Statistical Abstract, Table 1304.)

Cost of proposed "cap-and-trade" taxes (auctions of emission allowances):  $100 to $200 billion annually.  (Source: US Treasury, as obtained by the Competitive Enterprise Institute by FOIA request.)