Emissions Trading Scheme Stupidity

The Emissions Trading Scheme bill was reported back to Parliament this week, with Treasury reporting that the cost to taxpayers if New Zealand can't meet its international obligations could rise to about $100 billion by 2050 -- twice as much as originally estimated. This is about $2,000 a year per taxpayer.
This money will be given to the United Nations which will pass it on to countries such as Russia, or other corrupt regimes.
As temperatures fail to increase as predicted, the wheels are falling off the global warming theory. And even if it is true, and other countries fulfill their obligations (unlikely), then the Kyoto Treaty will do very little to solve the problem.
It is hard to imagine more stupid politics : the rest of the world is laughing at us.