Europe cannot save the euro, nor save itself from the euro

Christopher Booker,Telegraph
"....We are left in an equally insoluble mess by the ebbing away of what we can now see was the greatest and most damaging scare-story in history: the belief that the world was threatened with catastrophic warming by human emissions of carbon dioxide.

In the 20 years since the scare was launched, global man-made CO2 emissions have risen by 50 per cent. But at the end of 2011, global temperatures measured by Nasa satellites stood barely a tenth of a degree Celsius higher than their average throughout the 32 years since satellite measurements began – far lower than the projected warming. The computer models on which the scare relied have proved so wrong that it is incomprehensible how they were ever taken seriously.

Hardly surprisingly, in 2011 any attempt to get global agreement on drastic meaures to meet this supposed threat finally expired, as the third mammoth UN conference in as many years fizzled out in Durban. There is no chance that China, India, Brazil, Russia or even the US will agree to a replacement for the failed Kyoto Protocol – not when China alone, with its coal-fired power stations, is increasing its CO2 emissions each year by an amount greater than the UK’s entire annual output.

On all sides, mad schemes dreamed up to meet this imaginary crisis are falling apart. The EU’s carbon trading scheme is collapsing, The dream of solar power is disintegrating, as country after country slashes its subsidies, and firms set up to cash in on the bonanza close in droves (5,000 in Germany alone). Evaporating likewise is the fantasy of “carbon capture and storage” – CO2 from power stations being piped away, at vast expense, and buried in holes in the ground.

More and more, this leaves Britain isolated in a mad little bubble of its own, the only country in the world committed by law to the completely unrealisable goal of cutting CO2 emissions by 80 per cent within 40 years.

On this very day, January 1, the EU is imposing a tax on airline flights which, on top of the Air Passenger Duty, when George Osborne raises it yet again in April, will bring the tax for a British family of four flying to Florida to £344.

Next year, Mr Osborne is to impose a “carbon floor price” of £16 on every ton of CO2 emitted by British industry, when the price of “carbon” under the EU’s emissions trading scheme has collapsed to just £5.40. Not only will Osborne’s tax do serious damage to the competitiveness of British industry, it will add £3 billion a year to the cost of our electricity. This will rise within eight years to £5 billion, which alone will add 25 per cent to all our bills.

Meanwhile, utterly lost in his own green dreamworld, the man supposedly in charge of energy policy, Chris Huhne (below), babbles about chequering thousands of square miles of our countryside and our coastal waters with a further 32,000 crazily expensive and useless windmills. It is a vision so insane that one cannot imagine why men in white coats have not already hauled him off – rather more expeditiously than the Essex police who, we are told, wish to see him prosecuted for perverting the course of justice over an alleged traffic offence.

Even if Huhne’s pipedream could be achieved (it is technically out of the question), he still has not grasped that it would be necessary to pay billions of pounds more to build dozens of grown-up gas-fired power stations, as essential back-up for those still days that render the energy contributions of windmills all too frequently derisory. Something that we can predict with certainty is not going to happen in 2012 is any trace of sanity on these matters entering this absurdly dangerous man’s charmless head."