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Europe and climate change: Two into three won't go(suicidal 30% CO2 reduction)
Economist ^ | 05/27/10

Posted on 06/01/2010 8:34:41 AM PDT by TigerLikesRooster

Europe and climate change

Two into three won't go

The European Commission suggests even deeper cuts in emissions

May 27th 2010 | From The Economist print edition

Carry on smoking, through 20% or 30%

ONE of the least convincing things about the European Union’s energy and climate policy is the brazen catchiness of its slogan: 20-20-20. This refers to a 20% reduction in carbon-dioxide emissions and 20% share for renewable energy sources by 2020. The idea that rigorous analysis of the right policies happened to echo the target date seems, at best, trivially condescending. At least this week’s suggestion by the European Commission that the EU should consider unilaterally moving to a 30% cut in CO2 has the merit of showing that something other than public relations and numerology is at work.

Yet for many that is the limit of its appeal. The French and German governments have already come out against the plan. The main business lobby group in Brussels is opposed as well. Their argument is that bigger cuts would burden business at a difficult time, both by increasing the cost of carbon for such large emitters as the steel and cement industries, and by raising the price of electricity for everyone else. The commission’s own analysis gives numbers for these. It puts the cost of achieving a 30% reduction (compared with 1990 emissions levels) in 2020 at €81 billion ($99 billion) a year, against only €48 billion to deliver the 20% target.

(Excerpt) Read more at economist.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: 30percent; co2; eu; globalwarming

1 posted on 06/01/2010 8:34:42 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

p!


2 posted on 06/01/2010 8:35:10 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: Dr. Bogus Pachysandra; Entrepreneur; Darnright; Nipfan; Defendingliberty; 4horses+amule; ...
 


Beam me to Planet Gore !

3 posted on 06/01/2010 8:36:59 AM PDT by steelyourfaith (America should take a mulligan on the 2008 presidential election.)
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To: TigerLikesRooster
by 2020.

I just hope by 2020 most people will have aquired 20/20 hindsight vision about the AGW scam.

4 posted on 06/01/2010 8:40:21 AM PDT by Reeses (I would rather fail with honor than win as a Democrat)
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To: TigerLikesRooster

achieving a 30% CO2 reduction would be genocidal, not suicidal (and I am not being sarcastic with that one)


5 posted on 06/01/2010 8:43:24 AM PDT by Buckeye McFrog
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To: TigerLikesRooster

It will be as successful as their cap and trade system.

CO2 emissions increased, the carbon trading system has been rife with corruption & scams, and energy prices and taxes increased.


6 posted on 06/01/2010 8:51:06 AM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: Buckeye McFrog
achieving a 30% CO2 reduction would be genocidal, not suicidal (and I am not being sarcastic with that one)

No you are not!

The misery index cannot even be charted! One scientist estimates that 12.8 million children and AIDS victims will die if the global warming alarmists have their way with these draconian laws.

All for a money grabbing, power grabbing hoax!

7 posted on 06/01/2010 9:24:10 AM PDT by PATRIOT1876 (Language, Borders, Culture, Full employment for those here legally)
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To: Proud_USA_Republican
CO2 emissions increased, the carbon trading system has been rife with corruption & scams, and energy prices and taxes increased.

Every bit of the AGW hoax is a scam. There's not a shred of truth.

It's a product that doesn't exist that never has to be delivered. What a sweet grift for the carbon-credit schemers.

8 posted on 06/01/2010 9:26:19 AM PDT by PATRIOT1876 (Language, Borders, Culture, Full employment for those here legally)
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To: PATRIOT1876
There's not a shred of truth.

There's some certainty in some things. For example the CO2 from fossil fuels is increasing the CO2 in the atmosphere. Also that increase causes some small amount of warming (the amount is scientifically debatable and uncertain).

What's also true is that the cuts that Europe has managed so far in a recession year (2008) of about 150ktons per day are a bit less than the amount put out by the Iceland volcano each day. So while mankind's outputs are much larger than volcanic as a whole, the meager cuts that Europe has done at great expense are being undone each day that volcano erupts.

9 posted on 06/01/2010 3:00:22 PM PDT by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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