Tuesday, 10 March 2015

EU ADOPTS NON-BINDING CO2 TARGET FOR PARIS SUMMIT

Here are the details showing that the EU is prepared to sacrifice its industry in the hope that it will persuade others to follow. You will have noticed the words "non-binding" in the headline and there is the get-out clause if they have the sense to use it. Also in the article I note that the diplomats state that they are unlikely to reach agreement as to how these cuts are to be shared out within the member states. Quite a big stumbling block I would have thought. It will be interesting to see what other commitments are received by 31 March. Also what agreement is made in December in Paris. I expect it will be a fudge.

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