|Copenhagen Proposing Global Governance of Green Technology|
|Written by Kristin McMurray|
|Monday, 23 November 2009 11:59|
$10 billion dollars a year or from G77 proposing a global governance of the new green technology. Not surprisingly, China and developing countries seem quite comfortable with a central governing body, while capitalist countries like the US would prefer only an advisory committee.
Even though the Copenhagen Summit has gone from being "legally binding" to "politically binding," that hasn't stopped U.N. environmental chief from asking rich countries to pony up |
Personally, I'm skeptical of any government regulation, let alone one who says it knows better than the whole world. History has proved time and again that government regulations stifle innovation and growth. If environmentalists really wanted green technology, they would let the market decide when certain technologies are stable, affordable, and desired. Until then, the government should stay out of our light bulbs.
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