The United States is ready to embrace a new economic order based on carbon trading, following the release of a climate change assessment report linking human-made global warming to longer drought periods and more extreme hurricane seasons.

After four years of opposition Washington is now in sync with the United Nations and World Bank agendas to set up a worldwide carbon economy based on the cap-and-trade of carbon emissions that are blamed for global warming.

In releasing the Scientific Assessment of the Effects of Global Change on the United States, President George W. Bush has shifted from denying climate science to acknowledging that global warming is real and happening.

US government agencies and congress lawmakers now have a compelling single document to refer to when forming climate policy and setting up carbon offsetting strategies.

Climate program director of the Center for Biological Diversity, Kassie Siegel said that the government should act quickly to launch a cap-and-trade program on greenhouse gases and federal limits on emissions to slow climate change. She criticized the administration for waiting until the last months of the Bush presidency to release the assessment.

The fledging world carbon economy will, however, be dependent on the framework of a new climate pact to replace the Kyoto Protocol that would bring in binding emissions targets thereby forcing all countries to embrace mandatory cap-and-trade.

Whitehouse insiders told http://www.DailyPlanetMedia.com that carbon trading was seen as a timely economic stimulant as the US faced up to a long recession period of at least 18 months duration.

Meanwhile, the US Senate will begin debating next week a major climate bill that most Senators believe will be carried over to the next administration.

For more information, please visit http://www.EarthCharterFoundation.com and

http://www.DailyPlanetMedia.com

posted to ClimateConcern