European Union overreaction to climate change could have disastrous consequences

Although I do not agree that Co2 is causing global warming I do agree with the other points in this article. The overreaction to climate change by the European Union could have much more serious consequences than any possible man caused warming.

FT.com / Comment & analysis / Comment - A foolish overreaction to climate change

The first is that the European Union, which already has the bit between its teeth on this issue, will severely damage its own economy by deciding to set an example to the world. And the second is that it will seek to limit that damage, as President Nicolas Sarkozy of France and others are already urging, by imposing trade barriers against those countries that are not prepared to accept mandatory cuts in their emissions.

A lurch into protectionism, and the rolling back of globalisation, would do far more damage to the world economy in general and to the developing countries in particular than could conceivably result from the projected resumption of global warming.

It is high time this folly ended.