While the rest of the world moves forward with the Kyoto treaty, the Bush administration claims it is cooking up its own strategy to fend off global warming. But some officials involved in the administration policy review say there has been little real pressure from the White House to come up with a new plan anytime soon. The action may be shifting to the U.S. Congress, where several bills to address climate change are already being considered. Some members of Congress say American businesses will be hit hard by the administration’s decision not to participate in Kyoto — businesses in other countries will be first out of the gate with innovations to reduce carbon-dioxide emissions, and U.S. firms will be left out of new carbon-trading markets. Read more about the fallout from the negotiations in Bonn from Elliot Diringer, a veteran environmental reporter now with the Pew Center on Global Climate Change, on the Grist Magazine website.
