I would like to bring up a discussion about the Kyoto Protocol. The Kyoto Protocol is, as you all know, a treaty to combat global warming from greenhouse gases. The main issues behind this protocol is whether or not the U.S. should be more involved with it. Because of the economics of the protocol it has advantages and disadvantages to actively participating.
One disadvantage I see from joining the Kyoto project would be the increase in costs companies would have to bear. These costs would be passed onto the consumer and could be harmful to the economy.
Benefits from joining would be a decrease in greenhouse emissions because companies would strive to be more efficient in order to reduce costs.
I think greenhouse gas emission is a problem and it should be addressed, but at the same time I would be hesitant joining the Kyoto project because it could have implications on the balance of our economy.