European Union's climate change goals will cost €1 trillion - Guardian

[Eugene]

European Union's climate change goals will cost €1 trillion


· Report outlines daunting task of CO2 targets
· Insulation more effective than new power stations

Kate Connolly in Berlin
Wednesday March 28, 2007
The Guardian

The EU's new climate change goals will cost up to €1.1 trillion (£747bn)
to implement over the next 14 years, according to a new study.

The most comprehensive investigation on managing the economics of climate
change paints a daunting picture of the EU's plan to decrease greenhouse
gases by at least 20% by 2020.

But the study by the consulting firm McKinsey published in a German newspaper
yesterday, argues it is both economically and technically possible to reduce
emissions on schedule, but that the political effort necessary will be immense.

-snip-

To achieve cost-effective results, the study advises that politicians concentrate
on implementing the cheapest and most effective environmental measures first,
rather than the cost-heavy solutions such as building CO2-free coal power
stations. "The potential in building insulation should be given much more
attention," Mr Vahlenkamp said. "There is a wealth of cost-free possibilities
that would neither negatively effect our lifestyles nor our comfort."

-snip-

Read more: http://www.guardian.co.uk/eu/story/0,,2044191,00.html

[razzleberry]

1. low cost 'offsets' will be used

this story is total rubbish.

pollute all you want, for 1 Euro per ton
http://www.climatecorp.com/pool.htm

the Kyoto version is called a 'CER'.

Europeans don't have to change anything.

Businesss as usual, brought to you
by Terrapass, ClimateCare, etc