COP 15 treaty and our economy?

[Aaron Mund]

I have just found the draft texts of the COP15 treaty. Section 3 states the we will have to reduce our emissions by 50-95% within the next 40 years. There is even a selection of 95% or more in 40 years. Wouldn’t this wreck our economy?

Section 37 states that developed countries (the USA) will pay for developing countries to meet the standards.

Now if this treaty is voted on by our senate and it passes. We are forever bound to it.

How do you think this will affect our economy?

Source:
http://unfccc.int/2860.php