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Part III. Exhaustible Resources
Global Climate Change
“The greenhouse effect itself is simple enough to understand and is not in any real dispute. What is in dispute is its magnitude over the coming century, its translation into changes in climates around the globe, and the impact of those climate changes on human welfare and the natural environment.”
Thomas C. Schelling,
Some Economics of Global Warming
2. The Kyoto Protocol does not require reduced emissions from Annex II countries.