The True Cost Of Kyoto

The main reason the US chose not to sign the Kyoto Protocols was the enormous costs that would be associated with implementing it. Canada is now learning just what those costs will be:

OTTAWA -- The full cost to Ottawa of meeting Canada's targets for fighting global warming under the controversial Kyoto accord could exceed $10-billion, senior federal cabinet ministers have been warned.

That's twice what the federal government has budgeted so far for Kyoto.
The estimates -- one of a number of attempts to quantify the ultimate cost of Kyoto -- rose out of recent consultations between bureaucrats in Natural Resources Canada and Environment Canada.

...Ottawa is also being advised it should raise its estimate of the emissions cuts necessary to meet Canada's Kyoto targets to between 270 and 300 megatonnes from earlier forecasts of 240 megatonnes.

That reflects the fact that Canada's economy has expanded faster than expected, emitting more greenhouse gases as a result.

This means more emissions for Canada to cut because Kyoto stipulates Ottawa must ensure greenhouse-gas output between 2008 and 2012 is 6 per cent below 1990 levels.

Think about that, Canada's economy is expanding and they will be forced to implement stricter measures because of it. That to me sound like it will definitely inhibit economic growth.