London, June 2011

The EU Unilateral Emissions Policy: Only massive R&D, deployment of breakthrough technologies and a competitive industry that is free to grow can help to reduce global greenhouse gas emissions. The global commitments for reductions in greenhouse gas emissions will not deliver the result seen as necessary by the IPCC to limit the global temperature increase to two degrees Celsius to avoid dangerous climate change.

On the contrary, the commitments made by world leaders in December 2009 in Copenhagen and thereafter will lead to a further massive increase in global emissions. The EU did not succeed in its self-imposed role as world climate leader – in order to lead you need followers. In this instance no one followed and the European unilateral targets are now self-defeating.

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