The headline [of the Group of Eight summit in Japan] was that the nations pledged to cut global greenhouse emissions by half by 2050. Yet for the first time, the G-8 also agreed that any meaningful climate program would have to involve industrializing nations like China and India. For the first time, too, the G-8 agreed that real progress will depend on technological advancements. And it agreed that the putative benefits had to justify any brakes on economic growth.
In other words, the G-8 signed on to what has been the White House approach since 2002. The U.S. has relied on the arc of domestic energy programs now in place, like fuel-economy standards and efficiency regulations, along with billions in subsidies for low-carbon technology. Europe threw in with the central planning of the Kyoto Protocol -- and the contrast is instructive. Between 2000 and 2006, U.S. net greenhouse gas emissions fell 3%. Of the 17 largest world-wide emitters, only France reduced by more.
So despite environmentalist sanctimony about the urgent need for President Bush and the U.S. to "take the lead" on global warming, his program has done better than most everybody else's. That won't make the evening news.
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