Tuesday, September 23, 2008

EU Climate Policy Falters (yet again) | cooler heads

"The “success” of the EU’s climate policy has long been a talking point for those who want Congress to enact energy-rationing legislation to fight global warming. If Europe can do it, they assert, then so can the U. S.

In trying to shame the Congress into expensive-energy climate policies, global warming alarmists are abetted by European leaders, who routinely admonish countries like the United States, Japan and Canada for not keeping up with the EU’s efforts on climate change.

The problem with this line of reasoning employed by alarmists and Eurocrats alike is that the EU’s marquee climate policy—the Emissions Trading Scheme(ETS)—is a disaster."

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