My suggestion is that we should first work to ensure the Third World has clean drinking water and sanitation.
Money spent on carbon cuts is money we can't use for effective investments in food aid, micronutrients, HIV/AIDS prevention, health and education infrastructure, and clean water and sanitation.
There is no question that global warming will have a significant impact on already existing problems such as malaria, malnutrition, and water shortages. But this doesn't mean the best way to solve them is to cut carbon emissions.
The obvious issue is providing clean drinking water and sanitation to every single human being on earth at the cost of little more than one year of the Kyoto treaty.
In the rich world, the environmental situation has improved dramatically. In the United States, the most important environmental indicator, particulate air pollution, has been cut by more than half since 1955, rivers and coastal waters have dramatically improved, and forests are increasing.
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