Will Climate Talks In Copenhagen Lead To Job Loss?

Many world leaders will arrive in Copenhagen over the next several days to discuss and debate the climate, global warming and steps that should be taken to address concerns.

In fact, the 11-day talks in Copenhagen have already upped the Kyoto Protocol, which was adopted in 1997 (though didn't go into effect until 2005). The United States, India and China will be at the table this time.

According to a video on the Yahoo News channel (click here to see the video), many countries feel the U.S. is responsible for the rise in greenhouse gas emissions and should therefore take a leadership role in finding a solution.

President Obama will join the 15,000 participants at the talks to devise a blueprint for action. On his agenda, the President is calling for a 17% reduction in greenhouse gas emissions by 2020 and an 83% reduction by 2050.

Some say this could be a job killer. What are your thoughts?

Traci Purdum
Senior Digital Editor

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  • No, I don't think so. Following normal economic theory, prices will rise, demand for more expensive product will fall but only so far. Nobody's going to stop driving to work though the gas price goes up 25 cents. The truth is that energy efficiency has a pent up demand in oil refining. Hey look, the refining process hasn't exactly been making great strides in improvement in the past 20 years. Quite the contrary. With the right incentives there could be a boom in engineering jobs as companies try to meet new stricter limits on carbon emissions. We'll be burning oil in our cars for the next 50 years, at least until somebody makes a hydrogen fuel cell.

    Now, for the downside, prices will go up, we saw that in the 1970's too with rising fuel costs. Companies that don't strive to economize will go under the way many did. It could mean a period of unrest while the demand builds for new engineers.

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