UNINTENDED CONSEQUENCE OF WORLD LEADERSHIP

Europe's drive to reduce emissions could have the opposite effect:

Europe is damaging its competitiveness by moving faster than the rest of the world to tackle climate change, the European Union’s industry commissioner has warned.

In a letter seen by the Financial Times, Günter Verheugen says: “We have to recognise that ... our environmental leadership could significantly undermine the international competitiveness of part of Europe’s energy-intensive industries and worsen global environmental performance by redirecting production to parts of the world with lower environmental standards.”

I knew there was reason why the US refused to jump on board the SS Kyoto.