‘CO2 treaty must not spark “trade war”: U.S. lawmaker’

Timothy Gardner reports on Reuters:

NEW YORK (Reuters) – As the world tries to forge a new treaty to slow global warming, care must be taken not to spark trade conflicts between rich and developing countries, a key U.S. lawmaker said on Thursday.

“We clearly we do not want to trigger a trade war,” Ed Markey, a Democrat who heads the House climate change committee, told reporters in a teleconference.

Already a trade spat has been brewing between interests in China and the United States, the world’s two biggest emitters of heat-trapping gases that scientists warn will lead to more deadly droughts, heat waves, and floods.

Neither country can afford this during a global recession. I think the Obama administration is capable of handling this situation properly, but when we are already in the middle of an economic crises, this isn’t exactly the kind of thing you want looming on the horizon.

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~ by ethmgallagher on March 26, 2009.

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