Sunday, 11 March 2012

The failure of the EU carbon agenda

Walter Russel Mead summarizes the latest EU "greenfail":

The European Union’s ambitious low carbon plan collapsed yesterday when Poland vetoed plans to reduce greenhouse gas emissions drastically after 2020. The move is the latest stage in the ignominious failure of EU carbon policy that has seen a grandiose carbon trading system bog down in a quagmire of scandal and price collapse. Europe will meet its current carbon reduction goals less because of any serious action than because the continent’s economic crisis brought on by the poorly constructed euro experiment has stalled economic growth.

Now the post 2020 picture is in near total disarray as EU law requires unanimous consent for new carbon targets to be set. Poland, which depends on coal for much of its energy production and has neither the money nor the desire to turn to Russian gas or oil, will not accept any European carbon policy that undermines its drive to raise local living standards.

Back in those halcyon times when the Davoisie were convinced that a global green carbon treaty was just around the corner, EU diplomats and journalists used to boast incessantly that climate activism was the centerpiece of a new and dynamic European diplomacy. Now both Europe and the climate agenda are in near-total disarray, and the EU has been unable to legislate for itself, much less for all mankind. 

Read the entire blog post here

The Brussels eurocrats still speak and behave like nothing would have changed, although they must know that they have lost the game. And the failure involves much more than the carbon agenda.

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