Kyoto Sinks Europe: Billions in Costs Make It More and More Unlikely that the EU Can Continue to Go It Alone Slashing Carbon Emissions
"As the reality of economic pain is felt all over Europe, deep cracks in its green foundations are beginning to become apparent. Gunter Verheugen, the EU's industry commissioner, has warned that by 'going it alone' Europe is burdening its industries and consumers with soaring costs that are undermining Europe's international competitiveness. Instead of improving environmental conditions, Europe's policy threatens to redirect energy-intensive production to parts of the world that reject mandatory carbon cuts."
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