Benny Peiser: Proposed EU Climate Targets May Not Last

  • Date: 23/01/14
  • Dr Benny Peiser, City A.M.

The European Commission has finally begun rolling back the EU’s ruinous climate and green energy policies. But its modest climbdown does not signal the end of the climate hysteria that has dominated Brussels for nearly 20 years.

The proposed targets have triggered protests from energy-intensive industries across Europe. Eurofer, an umbrella group for Europe’s steel producers, has called on leaders to weaken the targets much further.

The roll-back is in part an acknowledgement that Europe’s green agenda has been an unmitigated fiasco, causing skyrocketing energy prices across Europe and harming competitiveness.

But the old guard of commissioners are trying to salvage a green legacy before they are replaced in the autumn by a set of commissioners more concerned about Europe’s economic future.

A more significant retreat from unilateral climate policies is likely to gather speed, and the proposed targets may not survive.

City A.M., 23 January 2014