Tax And Wane By INVESTOR'S BUSINESS DAILY |
Big news from the United Nations global warming conference was the last-second agreement on a pact for cutting greenhouse gas emissions. But a more ominous development went largely unnoticed.
The media obsession has been on the efforts of delegates at the U.N.'s Intergovernmental Panel on Climate Change conference to craft an agreement for a climate treaty that would take effect after the Kyoto Treaty expires in 2011.
Though it appeared the meeting would end with no deal, the delegates looked to be near a compromise late Friday.
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