Hillary could not persuade the Indian Government to cap their carbon emissions like US democrats are pushing on American businesses.
U.S. Secretary of State Hillary Rodham Clinton, right, and India’s Junior Minister for Environment and Forests, Jairam Ramesh, share a light moment upon the former’s arrival at the ITC hotel chain’s Green Building in Gurgaon, on the outskirts of New Delhi, India, Sunday, July 19, 2009. (AP)
India will resist pressure from the Obama administration to accept legally binding caps on its carbon emissions, the South Asian nation’s environment minister told visiting Secretary of State Hillary Clinton.
Advertisement - story continues below
“There is simply no case for the pressure that we, who have been among the lowest emissions per capita, face to actually reduce emissions,” Jairam Ramesh said at a meeting today with Clinton in Gurgaon near New Delhi, according to a statement he issued to reporters. “And as if this pressure was not enough, we also face the threat of carbon tariffs on our exports to countries such as yours.”
Clinton is on a state visit to India meant to showcase trade and security ties and seek common ground on climate change and arms control. India has said it will reject any new treaty to limit global warming that makes it reduce emissions because that will undermine the country’s energy consumption, transportation and food security.
Related… It was reported this weekend that House Democratic Leaders bought off key Blue Dogs the night before the cap and trade vote.
The potential cost of the democrat’s cap and trade policy is enormous. It will likely cost $700 to $1,400 dollars per family per year. The Department of Energy estimated that a similar bill, S. 2191, the Warner-Lieberman cap-and-trade proposal, will increase the cost of coal for power generation by between 161 percent and 413 percent. Human Events reported that the DOE estimated GDP losses (see chart) over the 21-year period they forecast, at between $444 billion and $1.308 trillion. There are estimates that the bill could increase unemployment by 2.7 percent or about 4 million jobs.
No wonder a developing country like India is not interested.