Kyoto & IR - What KRudd didn't tell you

The Australian - TREASURY and the Department of Finance have estimated that the repeal of all major industrial laws since 1993 would cost the economy $12 billion over the next four years. The Econtech report in August said that if all industrial reforms since 1993 were repealed, unemployment would rise by 199,000, real wages would fall 1.7 per cent and inflation would rise 1.3percentage points higher than if the laws were not repealed. Treasury and Finance have warned that on a "rule of thumb" analysis of the Econtech report, the economy would be threatened by rising inflation, costing $3.75 billion a year by 2011-12.

The Australian - GREENHOUSE gas emissions from the world's industrialised countries are again on the rise and closing in on record levels, despite most having signed the Kyoto Protocol. UN figures released last night - just weeks ahead of a key meeting to start brokering a new global deal to cut emissions - show greenhouse gases from Kyoto's 41 industrialised and transition countries approaching "an all-time high". Fast-growth countries such as Turkey, Spain and Portugal have ratified Kyoto but still reported increases of about 50 per cent or more since 1990, while emissions from fellow signatory New Zealand have increased by 23 per cent, Canada by 54 per cent and Austria by 14 per cent. Emissions from the US, which, like Australia, has not ratified the protocol, are up 16.3 per cent since 1990.

That's right, those who signed Kyoto are emitting more than the terrible America and Australia, who did not. So if you think that Kevin Rudd, by signing Kyoto, will do something good for the environment, think again.

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