Those fearful of catastrophic climate change often point to Europe as a model to follow in limiting carbon dioxide emissions. But as pointed out in a startling new study by the group Open Europe, it appears the EU’s emissions trading system is anything but stellar. Comments study author Hugo Robinson: “The EU’s emissions trading system is costing a lot, but it isn’t working. Emissions have actually increased, and member states have opted to buy in vast numbers of carbon offsets from developing countries rather than make real reductions in emissions. These offsets are often not reducing emissions but subsidizing polluters. The EU approach does nothing for our energy security and it doesn’t appear to be doing much good for the environment either.”

Author