EU's climate policies - in need of urgent reconsideration
Pessimism is contagious as the European Union fails to call the shots in the agenda on climate change for the rest of the world. This concerns both the short-cut to banning fossil fuels, including the most polluting of them, coal, and the failure to use market mechanisms to secure a soft transition to a low-carbon economy in economically sound and socially acceptable pattern. Emissions trading exchanges have suffered a fiasco, lacking global span and integrated global pollution control.