The UN experts predicted that Kyoto Protocol would reduce global CO2 emissions by 5.2%....instead they increased by 46.6%
Read here. The United Nations and European Union elites and bureaucrats must possess that unique combination of being idiot-savants and pathological liars. The people that continue to massively mismanage the global economy and financial markets, also claim that the 1997 Kyoto Protocol for CO2 emissions was a resounding success. It was sooooo successful that they now want a Kyoto II.
In fact, the empirical evidence clearly shows the Kyoto Protocol to be an abysmal failure. Instead of reducing CO2 emissions by 5.2% of the 1990 base year, actual 2010 CO2 emissions were some 46% higher and 2011 emissions are likely to be even higher. The UN and EU experts predicted the 5.2% reduction by year 2012.
Did we say abysmal failure yet? (click on any above chart to enlarge)
The leftmost chart at top is total global CO2 emissions starting in 1965. Despite the UN and EU forcing the majority of countries to become Kyoto signatories, the CO2 emissions just kept on growing.
The middle chart reveals that the U.S., without signing or agreeing to the Kyoto Protocol, reduced per capita emissions the most. The EU, the principal Kyoto promoter, failed to match the U.S. accomplishments - completely opposite of what the UN experts predicted.
The final chart on the right documents the vast superiority of the U.S. free market approach to CO2 emissions: over the 2-year period ending 2010, the U.S. has robustly led the world in reducing emissions, without the penalty of the failed Kyoto regulations.
However, this incredible failure of a predicted outcome by the EU/UN elites is not admitted to. Instead, their mass stupidity, self-delusion and arrogance has pushed them to propose the Kyoto II protocols. Simply amazing.
This gross failure of the Kyoto has an additional twist. At the time the Kyoto Protocol was being reviewed by the U.S. Senate, one of today's infamous Climategate's scientist estimated that if all countries signed and actually reduced emissions by 5.2% the impact on global warming would be an almost immeasurable 0.05 degree reduction.
"There has been some discussion over the years regarding Tom Wigley’s 1998 estimate that even if Kyoto were to be 100% successful in meeting its targets, it would only have reduced temperatures by an estimated 0.05 degrees Celsius by 2050. Since Wigley was and is a strong supporter of Kyoto, this was a significant admission. Kyoto has been a crazy waste of money, Kyoto nations have spent billions and billions of dollars on the off-chance of cooling the earth by an amount too small to be measured..."
Conclusion: All the EU elites have managed to accomplish is to waste their taxpayer billions on regulations that don't work, destroyed multiple EU economies and the EU currency in the process, while making sure to enrich wealthy investors and corrupt friends in bogus green energy scams. Simply brilliant, no?