Tuesday, April 16, 2013

Concerns about Jobs, Growth Trump Environment

The EU market for carbon emissions, which underlies the cap and trade approach to climate improvement, is in disarray, and the European Parliament just voted down a measure intended to boost sagging prices. Not surprisingly, Europeans are more worried about jobs and growth than they are about greenhouse gases. Unfortunately, this apparent failure of the carbon emissions market does not bode well for the future of the climate.