The Republican win in Massachusetts is being examined by many. Journalists in the EU are writing that it means the end of Cap & Trade legislation in the U.S. Congress for the time being. Also, that will slow international movement to a post-Kyoto accord.
But U.S. legislative action was already unlikely;
"THE END OF CAP-AND-TRADE
From a purely numerical perspective, the Massachusetts election makes only a marginal difference. With the real division running through the centre of the Democratic Party, rather than between the parties, cap-and-trade was never going to pass on a 60-40 party-line vote. It was always going to need at least some Republican votes. So the loss of one Democrat makes only a small difference. "
http://blogs.reuters.com/great-debate/2010/01/20/massachusetts-election-kills-cap-and-trade/
My take;
1. Absent major U.S. government incentives ala what is happening in Korea, Japan, and China (unlikely); the capital flowing into green tech/products manufacturing will continue to go to the Eastern Rim.
When China thinks it will have unstoppable market dominance, it will join the effort for international CO2 regulation, since an international framework would then boost its "green" exports, and its current massive investments in manufacturing green energy tech will be (due to economy of scale) well into domestic deployment.
2. If you are doing education re climate change in the U.S., concentrate mostly on adaptation.
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