Harper told reporters: "In the short term, people say, 'well, just implement the Kyoto target. Cut energy used by a third in the next five years.' There's no way you can do that without devastating the Canadian economy."
United Nations Environment Program head Achim Steiner warning Canada about abandoning Kyoto:
Achim Steiner says Canadian business could be left out of major profit opportunities created by an international emissions trading system that he predicts will be worth $100 billion in 10 years...
For example, a Canadian company could design and build a solar power project in Africa, creating credits which then could be sold on the international market. In this way, emissions cuts would be obtained wherever they can be done at lowest cost.
According to the Stern Review, recently published by the UK government, markets for low-carbon energy products will likely be worth at least $500 billion per year by 2050.
Fear mongering or opportunity? Let's say both views are exaggerations. Call it an economic draw and let the environment win. Sounds good to me.