The Canadian government is beginning to realize how costly Kyoto compliance is. Initially the Canadian government had estimated that the full cost would be around CAN$5bn, but they've had to double the estimate. (Tip: Brainster)
What lesson does this have for Ireland? Well, Canada's budget problems were caused by a greater growth rate than had been anticipated. I have no idea what growth rate the Irish government anticipated when it signed up to Kyoto, but I doubt it was anything like the explosive performance we've experienced. If this costs the Irish government more than the €2bn that the nursing home charges are going to cost, can I expect front page headlines about scandals and lies?
