Blog Archives

EU Green Policies And ETS In Crisis

Without intervention not only is the EU Emissions Trading finished, but also Europe's climate policy is over

The European Union is fast approaching the point of no return, the Euro zone is in economic meltdown as the debt ridden economies of Greece, Italy, Portugal and Spain threaten to wipe out the Euro, and  global confidence in the currency continues to decline.

With the EU teetering on the brink of a recession the last thing the EU needs is a trade war with the rest of the world, which is exactly what is likely to happen over the EU tax on flying that is due to start on January 1st 2012.

The Green flying tax is part of the EU Emissions Trading Scheme which has seen the price of carbon fall to an all time low of 6.4 Euros per tonne: Read the rest of this entry