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Europe's Carbon Con Job
wsj.com ^ | August 21, 2007 | KYLE WINGFIELD

Posted on 8/22/2007, 3:11:26 AM by Tailgunner Joe

Since 2000, emissions of CO2 have been growing more rapidly in Europe, with all its capping and yapping, than in the U.S., where there has been minimal government intervention so far. As of 2005, we're talking about a 3.8% rise in the EU-15 versus a 2.5% increase in the U.S., according to statistics from the United Nations.

What's more, preliminary data indicate that America's CO2 output fell by 1.3% from 2005 to 2006. ...

As a measure of the gap between Europe's rhetoric and its reality, nothing beats its emissions trading scheme. The idea is that CO2-intensive companies -- chiefly those that produce power or use a great deal of it -- receive a certain number of permits to emit the gas. If they reduce their emissions and end up with a surplus, they can sell the extra permits to firms needing more allowances. In this way, market mechanisms are supposed to punish or reward companies for their carbon output, encouraging them to reduce it in the long run.

In Europe, however, the "market" consists of demand that government has created artificially and -- more important -- supply that the state distributes arbitrarily. Not surprisingly, companies lobbied hard to ensure favorable allocations when trading began in 2005. The number of permits exceeded actual emissions and prices plummeted. Today, allowances for 1,000 tons of CO2 are priced at about 11 euro cents, hardly high enough to prod a company to cut its carbon instead of just buying more permits. If you think the U.S. Congress -- whether led by Democrats or Republicans -- would be more likely to shun special interests in the name of environmentalism, then I've got some tariff-free Brazilian ethanol to sell you.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: climatechange; environment

1 posted on 8/22/2007, 3:11:26 AM by Tailgunner Joe
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To: Tailgunner Joe
Probably those Volvos...
2 posted on 8/22/2007, 3:13:39 AM by Eric in the Ozarks (BTUs are my Beat.)
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To: Tailgunner Joe
"As of 2005, we're talking about a 3.8% rise in the EU-15 versus a 2.5% increase in the U.S., according to statistics from the United Nations."

Europes extra co2 must be from all those Youts burning cars every night in France...

3 posted on 8/22/2007, 4:07:11 AM by Nathan Zachary
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To: Eric in the Ozarks

It’s all the yapping Socialists expelling excessive Carbon Dioxide.


4 posted on 8/22/2007, 4:08:06 AM by rockinqsranch (Dems, Libs, Socialists...call 'em what you will...They ALL have fairies livin' in their trees.)
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To: OKSooner; honolulugal; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; gruffwolf; BlessedBeGod; ...

Ping me if you find one I've missed.



5 posted on 8/23/2007, 1:09:42 AM by xcamel (FDT/2008 -- talk about it >> irc://irc.freenode.net/fredthompson)
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To: Tailgunner Joe
Basic References:

Lawrence Solomon's "The Deniers" (a series of articles on the view of scientists who have been labelled "Global Warming Deniers"):

Other References:


6 posted on 8/23/2007, 2:06:50 AM by sourcery (fRed Dawn: Wednesday, 5 November 2008!)
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To: Nathan Zachary; AFPhys
A different article points out that US carbon emissions under Bush’s leadership HAVE slowed (a 2% “drop”) compared to the EU’s (3% ?) RISE since the Kyoto Treaty was written.

I wonder if they are comparing the same values, the same years, or measuring “targeted reductions” vs “actual goals” ...

Another part of the AGW “solution” : Deciding what the AGW alarmists are actually measuring and when they measured it.

7 posted on 8/23/2007, 12:41:49 PM by Robert A Cook PE (I can only donate monthly, but Hillary's ABBCNNBCBS continue to lie every day!)
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