Kyoto floundering in the wake of G8 summit

AS the G8 Gleneagles summit proved, there is no consensus on how to combat global warming today or tomorrow but the bell now tolls on a decade of illusion.

The Kyoto protocol, with its system of caps, targets and timetables, is being buried with a discretion that conceals one of the great public policy failures in recent decades. Hoax is probably a better word.