Europe's low-emission future

Will Kyoto turn Europe into Cuba?

By Dennis Avery —— Bio and Archives--February 25, 2008

Global Warming-Energy-Environment | Comments | Back To Full Article

The EU steel industry is terrified that Europe’s new cap-and-trade system of penalizing steel-plant emissions will cost 50,000 of its 300,000 steel-industry jobs. But don’t worry, if the EU gets serious about cap-and-trade, it will simply violate the rules of the World Trade Organization and start taxing imported steel for the CO2 emissions from Indian and Chinese steel plants.

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