eu virltal commissioner told reporters member states will back a second period of the kyoto protocol, as long as major carbon producers, including china and the united states indicate when they'll take part the first period of the protocol expires at the end of next year. though developing countries call for the extension, japan is refusing to sign up as it only obliges advanced economies to cut the emissions. >>> two american economists are sharing the top honor in their field. they have joinlt jointly won this year's nobel prize in economic sciences. >> the royal swedish academy of sciences has decided to award the prize of scientific prizes in memory of noble to professor thomas j.sargent and christopher a. sims. >> the swedish academy made the announcement on monday. professors sargent and sims have together developed methods for better analyzing and understanding the casual relationship between policy measures and different macro economic variables such as gdp, inflation, employment and investments. >>> egypt's ruling military council has pledged to investigate the clashes betwee

survivors of the march 11th disaster who live in kyoto were invited to watch the event. a woman says she had to evacuate her hometown in fukushima because of the nuclear crisis. >> translator: it's really sad that i can't go home because of this crisis. but i feel at ease watching this beautiful parade. >>> let's look at the global weather forecast with saki ochi. >>> welcome to your weather update. let's look at the weather conditions in east asia. a line of clouds stretch across china and the korean peninsula. there is precipitation underneath that. there will be showers, light ones moving through southern china today as they taper off gradually. so it is not going to be a long lasting event. for northern sections across the korean peninsula, eastern china, too. chilly precipitation moving through. could be a mix of snow for northeastern china as well. this moisture is going to head towards japan, especially northern sections and the western flanks. things will turn wetter as you head through the day. southeast asia, showers and thunderstorms, still widespread across a

this november, the cop17 conference will decide whether the kyoto the procoal will end in 2012. >>> joinings is a uchida from our business desk. >> good morning to you. as the debt crisis continues in the eurozone, the focus is now on italy. major u.s. credit rating agency moodies downgraded the country's sovereign debt tuesday. italy's rating was lowered to a2, down three notches from aa2. moody's said the downgrade is due to a further worsening in the debt crisis and due to concerns about whether italy can achieve fiscal reconstruction as proposed by the fragile administration of prime minister silvio berlusconi. it was only last month that another u.s. credit rating agency, standard and poor's cut italy's sovereign debt. now both agencies give the country the sixth level from the top. because it's cut by three notches it could cause repercussions in the financial markets which are already being rocked by a postponed decision for bailout loans to greece. >>> eu finance ministers have agreed on tougher measures for controlling budget deficits. they'll be able to impose sanctions on eurozon

emissions reductions that we had, he was able to announce last year, in 2010, that we had reached the kyoto protocol levels of 7% below our 1990 levels. well, today, after updated analysis and a recognition of the efforts that have been made, we have now reached 12% below the 1990 levels. that is a tremendous, tremendous accomplishment for our city. [applause] thank you very much to all of our partners for doing that. we set a goal, and gavin newsom, again, i really thank him, to get -- because he had this wonderful vision that i got to adopt and visualize with him as city administrator in prior years, to help create, with the department of environment and all of our partners, a way forward with our communities to get to a larger goal. and that goal for next year is 20% below the 1990 levels. certainly we can achieve that. with today's announcement, going to 12%, knowing what we can do, that gap is definitely achievable. by the way, we have accomplished this goal. while the city's population is increasing -- can you imagine that? we have increased our population from we have increased popul

um, the kyoto protocol, eisenstadt was working for the clinton administration at the time pushed using markets just like we did for so2, just like we did for lead which, by the way, whenever i've written about emissions trading and market pricing pollution, if you want to say it, i've never -- >> guest: exactly. [laughter] yeah. and it's another ronald reagan story. >> host: absolutely. >> guest: reagan in his cabinet meeting said, you know, when i was a young man and gasoline was considered this great technological advance, and now we're going to get rid of it. you all remember? and he looked around his cabinet room, and he said, none of you are old enough to remember. [laughter] >> host: right. so when he was arguing against the europeans, basically, he wanted to have a mandate -- [inaudible conversations] >> host: yeah, yeah. command and control. he said there are three issues; cost, cost, and cost. and the cost of mitigating climate change without a system would be far too expensive for any economy to bear. do you agree with that? because as we know, our attempt in the u.s. to set

country canada is emissions have gone up by thirty percent despite the fact that we have signed the kyoto protocol so it's really an illegal operation and so the keystone x.l. pipeline would increase the capacity because right now they don't have enough arteries to get the tar sands oil out of alberta right now so they need to build more arteries and keystone x.l. is a major major artery so that would allow them to to to accelerate the production of the tar since it's bill mckibben the wonderful environmental writer and co-founder of three fifty dot org describe the keystone x.l. pipeline as the world's longest fuse to the world's largest carbon bomb so that is why so many people got so passionate about stopping the keystone x.l. pipeline the other reasons are just the dangers inherent in the transportation of the oil because tar sands oil is more corrosive because it has to be mixed with so many different chemicals just to get it through the pipeline so there's been all kinds of spills on either of the pipelines carrying tar sands oil or that have carried tar sands oil so the communities

it doesn't make any difference if it was back during the kyoto days. it doesn't make any difference it was any of the bills that were passed. still the analysis is that the cost of a cap-and-trade bill would be between $300 billion and $400 billion a year. this is legislation that would cost the taxpayers $300 billion to $400 billion a year. it would destroy hundreds of thousands of jobs, hurt families, workers by raising the price of gasoline and electricity and yet he believes -- this nominee for secretary of commerce believes that that was a moderate bill, the waxman-markey bill. the secretary of commerce should have a record of promoting, not stifling economic growth, and john briesons career shows that he has -- and john bryson's career shows that he has a record of the latter. it makes no sense to have a secretary of commerce who's against commerce. i'm not the only one who thinks soavment i'm going to quote these because an editorial for example in "the wall street journal." quote -- "president obama nominated john bryson to head the commerce dep

the race for the electric car that had strategic elements to 71 of the same this i was struck with the kyoto protocol to push using markets. with a mission and to regain and pricing solution. [laughter] with the old ronald reagan's story. but not the great technological event -- of france nine did you were old enough to remember. >> against the europeans and the cost without a market system for any economy to bear. is the clean air act? let the whole development using markets to solve environmental problems was a development in the 1980's and 90's is a much more eerie efficient way to have command-and-control to do that. going back to the hw bush administration and even the reagan of frustration. it meant the cost reduction and uncle electric generation listening to people talk about cap-and-trade with that narrative the early 1990's i was fascinated to get the story. how did that happen? then read just found out cap-and-trade is big and complex it is much harder to do. >> so what is climate policy today? that is a form of climate policy and renewable standards that is climate policies. >> w

is the result of green groups -- beginning in the 1990s after the clinton administration signed the kyoto protocol people say we already have enabling legislation to cut carbon emissions. the clean air act stipulates if emissions are dangerous to human health is under the clean air act and the epa has to regulate those emissions. everything years of legal struggles the epa has an obligation to regulate greenhouse gas emissions like co2. they are harmful to human health. that happened in 2006 and 2007 and president bush ignored and of obama administration is beginning to issue rules based on that. so far the rules have been weak. there are 30 more rules and 170 specific policies. gets very detailed in terms of what gases in which places, but this is something that is happening. if the epa were really robust and brave in implementing these rules it would impose a carbon tax. you are free to burn coal but if you're smokestack their dirty will pay fines and those fines will essentially forced the closing of these plants or raise the price. that would help make clean energy more cost competiti

struck with and this is me linking what you say in your book to some more current events, during the kyotoprotocol working for the clinton administration at that time using the markets just like we did for the besso to -- so2 and the market pricing pollution i've never -- >> guest: that's another ronald reagan story. when i was a young man and a gasoline was considered a great technological lead fans got rid of knocking and now we are going to get rid of it they looked around the cabinet room and said none of your old enough to remember. >> host: he talks about when he was arguing against the europeans basically he wanted a mandate, command and control. he said there are three issues, cost and cost and the cost of mitigating the climate change was the system to be far too expensive for any economy to bear. do you agree with that? our attempt in the u.s. to set up a market system in the legislation is permanently stalled. is the clean air act to make expensive? >> guest: the development of using the markets to solve environmental problems is a difficult of the 1980's and 1990's as a much mo

during the kyoto protocol, doer eizenstadt was working for the clinton administration at the time, pushedusing markets just like we did for s. 02 and like we do with lead. by the way trading and pricing pollution if you want to say it, it -- my article so thanks. >> guest: right, another ronald reagan story. when i was a young man, gasoline was considered this great technological advance the got rid of knocking and now we are going to get rid of it. he looked around his cabinet remini said none of the world enough to remember that. >> host: he talks about when he was arguing against the europeans basically he wanted to have a mandate. command and control. he said, there are three issues, cost, cost and cost. the cost of mitigating climate change without a market system would be far too expensive for any economy to bear. do you agree with that is as you know our attempt in the west to set up a market system to be legislation is permanently stalled with no hope. is the clean air act too expensive? >> guest: it is very interesting because i mean, the whole development of using markets to sol

the bank to make sure about it. >>> a unique concert was held in western japan tuesday in kyoto. the sleep concert, aimed to help people fall asleep by listening to relaxing music. the japanese society of sleep research organized the event to raise public interest in sleep. 24 people in the audience were connected to a monitor that keeps track of brain waves to check if a person is asleep. ♪ whenever 10% fell asleep, a sheep icon appeared on the screen in the hall. the eighth sheep appeared indicating that 80% of the test takers were asleep. >> i slept very well. >> it's very interesting. >> we held this concert to let people know that sleep can be measured. we hope they can learn more about sleep as we spend one-third of our lives in this state. >> the research group says people with sleeping disorders can use the brain wave reading machine to help doctors diagnose their medical problems. >>> u.s. secretary of state hillary clinton made an unannounced visit to the libyan capitol tripoli tuesday. she congratulated the people on their uprising against the government of moammar gadh

back in the 1990's, we were asked by then the clinton administration to ratify a treaty called the kyoto treaty. this is a treaty that would -- was aiming at reduction of greenhouse gases, and this type of thing. well, it didn't -- it didn't pass, and the reason it didn't pass, it went down by 95-0 because of two things. we all declared in this body that we weren't going to ratify any treaty that, number one, was damaging economically to the country, and number two would treat developing countries differently than developed nations. of course it missed both of those criteria. after that happened, it became very popular by some of the more radical environmentalists groups that enjoy the overregulation that we have so much of in this country and started introducing some of the regular -- the different bills. we had the mccain-lieberman bill of 2003 and 2005. we had the warner-lieberman bill, several others, the sanders-boxer bill. and i guess the last one was a house bill that was the waxman-markey bill. these bills were all aimed at what we can do in this country to restrict our use of co

>> the to an on ge commis emitterso the the minimum outlined policy warming of theference whichd november.virltal commi reporters member back a second period kyoto as long as majorucers, including the indicate whenll take period expires at of nextthough developing countries japan isgn up as cut thesions. >>> two americanre onor in their field. year'ssciences.sh academy of decided to awardze in memory of noble tfessor thomas swedish announcementmonday. sims have together devel for better understaing the relationshures and different economic variablgdp, inflation, employment and investments. >>> eg militaryhas pledgedween security force killed 25 peoplejured 300 on monday. protestinggovernment's resp church last the demonstrations sunday withinto the military announced on television recur. it a committee and resp facin criticism that it the demonst excessive violence.tical leaders of different on mondy and inflaming the military council holdelections, sin bubarakousted. spoke on mondayceremony marking the founding of h the anniversary of the1911 political leader tohrow theperial dynasty.dministration held a for the his anti-air missiles and supers

spill in alaska, to young in 1997 to understand the frustration when the united states didn't sign the kyoto protocol. throughout my life i've seen the drought, some of the largest listed destructive hurricanes of history and i've lived through the hottest years on the planet and graduate college weeks after the bp oil spill disaster. clearly the united states needs to lead on climate action. i'm asking americans and many of our communities pay the price by losing your health risks such as the power plants or oil pipelines. this keystone xl pipeline is not just an environmental issue and civil rights issue as well. it can destroy op refers and introduce toxins to our food supply. already, tarzan's oil extraction requires removing ancient forests and leaves toxins behind the cause cancer and increase air pollution and lung disease. i have faded american ancestors and people who profess how to possess nature will see communities destroyed by the pipeline. indigenous people have contributed to climate change and suffer from the brunt of their immediate effect. the proposal for this pipeline sho

during a press conference on the hotly contested kyoto agreement, greenpeace advocates protest americaclaiming it's not reducing greenhouse emissions fast enough. >> the united states, which admittedly was a big part of the cause of the problem because we had been an industrial mite for so long, all of a sudden is viewed by many as a heavy. we viewed ourselves as trying our damnedest to actually find solutions, but they weren't pure enough for some. >> one protester takes matters into her own hands, throwing a pie at u.s. undersecretary for global affairs frank lloyd. >> i had to make an immediate decision whether to be outraged or to treat it lightly. and i decided for the latter. this incident occurred the day before american thanksgiving, and i said, standing there with this stuff dripping off of me, i said, you would have thought that on the day before thanksgiving they could have picked pumpkin pie rather than cherry cream. >> a pie in the face is standard vaudville stuff. i think you can get away with it because a pie in the face is something people do for fun. >> the press confe

movement on cap and trade and we all know what that is, we talked about it for ten years, we had the kyoto convention and we did not become a part of that. there have been several efforts to have bills on the floor, to have cap and trade supposedly to stop catastrophic greenhouse or global warming and now people know that the science is debunked and it's not real yet they're going ahead and doing it. if the president is able to pass these regulations, it's going to be tantamount to about a -- between $300 billion and $400 billion a year for people in america. now, i would say this: there are a lot of people out there saying well, it doesn't hurt to pass a tax increase of $300 billion if it's going to do something about global warming. even president obama's nominee and choice and now confirmed, lisa jackson, at the e.p.a., has said in response to a question on the record, if we were to pass any of these bills whether it go back and be the mccain-lieberman bill or the waxman-markey bill, these cap and trade bills that would be -- be giving us around a $300 billion to $400 billion of the tax

the beginning. it is a magnitude 4.0. >> reporter: engineering professor masumi yamada of kyoto university showed me the problem. the march 11 magnitude 9.0 earthquake unzipped a fault 500 kilometers long off the pacific cost of japan. but not all at once, it was a long chain reaction. our current system assumes this earthquake just occurs only a point. so that caused problem. meanwhile, the ruptures kept coming rolling like a southbound freight train toward tokyo. so are you worried that people might lose faith in the system? >> we definitely need some improvement of the system so that its still useful information for people. >> reporter: the inaccurate warning had disastrous consequences, as it predicted a tsunami that would not have overtopped most seawalls, lulling people into a false sense of security. so even an accurate early warning system, much less a way to predict earthquakes with some specificity further in advance remains elusive. is there something that science is missing right now that will be discovered eventually? or is this one of these chaotic things that might be impossible to predict? >> i t

the west. we've got tv screen all across this room. we are using more cars than ever before. we've had kyoto protocol. we've had a responsibility in the west as much as the commonwealth to reduce carbon emissions but it can't just be an effort for the commonwealth. there's already been improvements made. about if you look at commonwealth statistics, the facts state that the people are recycling more than ever before. so that's challenges that the commonwealth are taking themselves but it needs take collective effort with the united states with china with india, all of the global economies together as the honorable members were saying earlier on, there needs to be a road plan to collectively fight this. but the issue presented by the government, the fact of reducing it by 50% in 50 years is unrealistic and i find myself on the opposition benches also, disagreeing where what the opposition benches are saying to reduce it by 2040 is i think losing -- somewhat. i think that we need to be realistic. we need to -- we all agree in this house that carbon emissions need to be reduce bud we need to collectivelyo