Global Warming: The Debate Heats Up

John B. Shlaes is on red alert. As executive director of the Global Climate Coalition, a 55-member U.S. business group that lobbies to influence policy on climate change, he sees an imminent threat. In March, delegates from 118 nations are set to meet in Berlin for the most important conference on global warming since the Rio Summit in 1992, when they signed a global treaty to stave off climate change. Now, some nations want to amend the treaty to include steeper cuts in emissions of carbon dioxide and other, more far-reaching measures. "Some of these things could get passed," warns Shlaes. If so, "they will put the U.S. at a competitive disadvantage."

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