a modest first effort to control global greenhouse gas emissions.Modest? In terms of benefits, yes. According to Junk Science, it's widely acknowledged that the complete implementation of Kyoto would lead to a temperature saving of 0.07 °C by the year 2050. But there's nothing modest about Kyoto's cost. Junk Science estimates that to lower global temperatures by 1 °C would set the world economy back . . . $100 trillion.
But that's just a green hors d'oeuvre as far as the Times is concerned. The Grey Lady is counting on Barack Obama to head down that path, and sees encouraging [to it] signs that's just what he has in mind.
Excerpts from Save the Economy, and the Planet: