The rather myopic policies adopted and expressed in various ways throughout the European Union threaten to reintroduce much longer-lasting consequences from internal and external pressures across the economic landscape. Once lauded as the most ambitious and effective ways to curb climate change and promote good stewardship for the environment, the cap-and-trade scheme and carbon-emission is failing and a united-front is reverting to nationalistic policies.
Allowances for polluting have become affordable to the point of investing in further innovation no longer makes good business-sense. Much of the decline is due, of course, to a slow-down in demand and production and the relationship is not without reciprocation but in the longer term, such splintering and attitudes represent a very big set-back in terms of solidarity. What do you think? Is reform something negotiable in the face of immediate perceptions—or is it something to sacrifice, to recalibrate? Environmental policy should not be driven solely by the dictates of the markets, but consumers also have a choice to make.
The rather myopic policies adopted and expressed in various ways throughout the European Union threaten to reintroduce much longer-lasting consequences from internal and external pressures across the economic landscape. Once lauded as the most ambitious and effective ways to curb climate change and promote good stewardship for the environment, the cap-and-trade scheme and carbon-emission is failing and a united-front is reverting to nationalistic policies.