The European Commission is doubling its targets to reduce carbon dioxide emissions by 2030 in a new energy strategy released in January 2014. But climate change policies alone will not work. They will drive Europe’s energy-intensive and manufacturing industry out of Europe to the US and emerging markets where lower environmental and climate protection policies will increase greenhouse gas emissions globally.
<i>The European Commissions’ new energy strategy and headline targets for reducing carbon dioxide emissions by 40 per cent by 2030, and adopting a binding 27 per cent share of renewables in energy consumption, can be seen as a step in the right direction. The EU’s common ene...
