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View Full Version : EU’s carbon trading fails to cut emissions



stephanie
04-03-2007, 03:30 AM
:eek: But.....Al Bore said this would WORK....

David Charter in Brussels
The amount of greenhouse gas pumped into European skies rose by up to 30 million tonnes last year despite the EU’s pledge to lead the world in tackling climate change.

A much-heralded emissions trading scheme, which is being copied by California and is seen as the market solution to reducing harmful gases, failed to achieve the cuts in industrial pollution needed to hit Kyoto targets, figures from the European Commission showed.

The Europe-wide increase in CO2 came in the second year of the scheme to allocate emission permits to companies and power generators. Critics described the EU trading system as “botched central planning” because too many permits were granted, enabling polluters to buy them at knockdown prices and carry on producing the gases that cause climate change.:rolleyes:

Figures published yesterday for industrial emissions in 18 of the 27 EU countries, showed that European companies and power generators produced 1.79 billion tonnes of greenhouse gas last year. They came less than a month after the EU vowed to set an example to the world by making at a cuts of at least a 20 per cent in greenhouse gases by 2020.

Emissions trading has been hailed as the market solution for cutting harmful gases by making the permission to pollute an increasingly scarce commodity. But officials from the European Commission admit that too many permits were issued in the first phase of the scheme, from 2005 to this year.

They said yesterday that there would be deep cuts in national allocation plans for 2008-12, with Slovakia cut by 50 per cent and Poland by 26 per cent.
http://www.timesonline.co.uk/tol/news/world/europe/article1605038.ece

Gaffer
04-03-2007, 01:01 PM
You mean paying a backdoor tax and continuing business as usual isn't reducing carbon output? My what a revelation that is. But hey, albore keeps getting richer.

theHawk
04-04-2007, 10:09 AM
Awwww, the Kyoto Protocol isn't doing a damned thing to decrease emissions.
What a suprise that is.

Do any of these yahoo liberals have a plan on how to actually get these emissions down? Or is it lets just pretend signing a piece of paper is going to make it all go away?

Gaffer
04-04-2007, 11:56 AM
Awwww, the Kyoto Protocol isn't doing a damned thing to decrease emissions.
What a suprise that is.

Do any of these yahoo liberals have a plan on how to actually get these emissions down? Or is it lets just pretend signing a piece of paper is going to make it all go away?

They have to sign the paper and then bury their heads in order for it to work.

Abbey Marie
04-04-2007, 12:48 PM
I'll consider joing the cause when Teddy K. allows giant energy-producing windmills to be built in the water directly off his compound.

Gaffer
04-04-2007, 12:53 PM
I'll consider joing the cause when Teddy K. allows giant energy-producing windmills to be built in the water directly off his compound.

And albore sells all his houses and stops flying and driving in SUV's.