Telegraph
"Anyway, where were we? Oh, yes, that's right: having a good old dance on the grave of EU's carbon emissions policy. Here's what Walter Russell Mead has to say about its significance:
The EU has been the global laboratory testing the green agenda to see how it works. Today’s story means that the guinea pig died; the most important piece of green intervention in world history has become an expensive and embarrassing flop. It’s hard to exaggerate the importance of this for environmentalists everywhere; if the EU can’t make the green agenda work, it’s unlikely that anybody else will give it a try.
I think he's right. The knock-on effects are going to be cataclysmic – in places like Australia, for example, which had been relying on the rigged EU carbon trading market to prop up Julia Gillard's carbon emissions scam. And within the vast, overinflated bubble which is the green industry generally. No one will be safe in this sector: seriously, if you're in renewables – as I know at least one of our regular trolls below does: he's an adviser to the wind industry and graduated, I kid you not, from the environmental sciences department at the UEA – I would now think very hard about getting yourself a proper job."
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