Wednesday, October 8, 2008

Reality check…again.

After reading a few articles about how “well” the Europeans are doing at tackling Global warming. I just had to take a look to see for myself and I wish we all did the same.
Here is what I found after a single Google click under “EU Cap and trade”.
Brussels EU leaders clashed last night over how to cut greenhouse gases a year after making climate change their top priority with a series of tough targets. The first signs of a retreat from the much-trumpeted green pledges came from Angela Merkel, the German Chancellor, who called for concessions for German car-makers and heavy industry.
Chancellor Angela Merkel has again reiterated the need for Germany to build coal-fired power plants. Merkel said Germany would only be able to continue meeting its own demand for electricity if it built new power plants .
Germany wants to limit industry purchases of emissions permits to cover no more than 20 percent of their carbon emissions caps from 2013 to 2020, for government and industry. Germany wants to exempt power plants altogether from having to buy any EUAs in the second trading cycle of the scheme. How are we to built alternative energy and convert our home to be more efficient if we cannot operate our industrial plants?
The Czech Republic want to block the European Commission's plan to auction carbon dioxide (CO2) emissions permits to energy companies after 2012, government officials said on Tuesday.
Poland want to block auction.
If we have to buy 100 percent of allowances from 2013, it would cost 5 billion euros [US$7.6 billion] per year and the price of energy would rise by 50 to 70 percent.
Britain's climate change emissions is 12% higher than officially stated, according to a National Audit Office investigation which has strongly criticized the government for using two different carbon accounting systems.
The report says there have been "no reductions in UK emissions" if measured by the national accounts method. The figures contained in the report fly in the face of consistent government claims that it is reducing emissions.
Using the more stringent accounting standard, the investigation finds "there have been no reductions in UK carbon dioxide emissions" from the 1990 level.
All is not well in the EU and we better ask our politicians some very hard questions.


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