| Abstract: | Abstract This article summarises the results of an evaluation of the Climate Change Initiative launched by President Bush in February 2002. The policy target to reduce the greenhouse gas intensity of the US economy by 18% between 2002 and 2012 can be considered modest at best. The Initiative is likely to result in a 32% increase in US greenhouse gas emissions in 2012 compared to the 1990 levels. The effort also falls considerably short of efforts of the EU, Japan and Canada under the Kyoto Protocol. The Bush Initiative advocates using intensity targets in the international climate change regime, but overlooks fundamental problems associated with this approach. All the same, the Bush Initiative is of political significance as it recognises the importance of the climate change problem and may improve the longer-term prospects for US participation in a global climate regime. |
