Wednesday, January 23, 2008

Major environmental decisions in Brussels

A draconian plan for climate action was presented today in Brussels by the president of the European Commission, José Manuel Barroso. Basically, the proposed challenge will consist of a 20% reduction in greenhouse gases by the year 2020. Theoretically, the annual cost of achieving this result should amount to half-a-percent of the GDP [gross domestic product], but it is likely that the true cost will be double that figure. José Manuel Barroso stated that the plans proposed by Brussels constitute "the most complete package of measures in the world". Europe—the so-called Old World—wants to be the world champion in saving the world.

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