The Kyoto climate treaty was scuttled by the Senate on a vote of 96-0. The reason for it was simple; China and India, two rapidly growing competitors to the US in the economic sphere, were able to carve out special exemptions on CO2 emissions that gave them an unfair competitive advantage over the US. Fast forward to today and the Warsaw climate agreement in which both emerging economic powers were once again able to get reduced emission goals out of the international community. The Hill: Dozens of countries reached a climate change agreement in Warsaw on Saturday, overcoming a rift between developing and more established economies. In the talks, fast-growing economies like China and India won more lenient climate change guidelines than the U.S. and European countries originally wanted. Countries will now make "contributions" toward reducing emissions over the next two years, instead of "commitments," after what media reports described as negotiations that helped drive...(Read Full Post)