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It won't be snuffed out while there's money to be made by governments by way of increased taxation and carbon trading.
They'll just keep on papering over the cracks.

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Only when ideology, prejudice and dogma are set aside does the truth emerge - Kepler

Perhaps, but how far can they go with the taxes before they slit their own throats? It doesn't take too much working out that industries are going to look at all the non-signatory nations, usually with lower labour costs as well, and consider upping sticks and moving out. Gordon won't be able to levy much extra tax on a business that's closed up here and relocated to Shanghai. So once the move away begins they'll be left with a Hobson's choice - squeeze the rest even harder and probably accelerate the exodus or quietly drop the idea before the only industry left is tourism.

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Make everything as simple as possible, but not simpler - Einstein

They do whatever they can get away with. The tories started with the fuel tax escalator, which was continued by the present lot until there were worrying signs that they couldn't continue to get away with it. Now they're increasing road tax for 'enironmentally unfriendly' vehicles. When that starts getting politically unpopular, they'll try something else.
Speaking about the tories, there appears to be good evidence that Thatcher started the whole global warming thing in the first place - she needed something to kill off the miners strikes.

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Only when ideology, prejudice and dogma are set aside does the truth emerge - Kepler

I'd heard that before but with the added accusation that it would give an excuse for taming one of the most powerful unions and increase the need for nuclear power, the products of which could go into more warheads for the UK. Think that's taking a conspiracy theory too far myself. Still, every government needs a good bogeyman from time to time and I doubt Mags was above using global warming as such.

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Make everything as simple as possible, but not simpler - Einstein

although in her book 'statecraft' she pours very cold water on the whole global warming theory.