Bush May Announce Kyoto Alternative Next Week
WASHINGTON (Reuters) - President Bush is likely to announce a new global warming proposal next week aimed at answering critics of his decision to shelve the U.N.-backed Kyoto treaty, officials said on Wednesday.
Bush is expected to settle on a goal of gradually slowing U.S. emissions of greenhouse gases -- rather than the tough mandatory reductions in emissions under the Kyoto accord -- on grounds that to do otherwise would hurt the U.S. economy.
The basic Bush approach was outlined earlier in a report by the White House Council of Economic Advisers, and government officials said he was likely to announce his proposal next week before leaving on a trip to Japan, South Korea and China.
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