Criticism of watered down emissions trading legislation

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While the renewables industry applauded the governments of Europe for passing the EU renewables directive (page 27), heads of state were at the same time criticised over their "watered down" commitment to carbon emission reductions. Europe's political leaders succumbed to pressure from industry and big polluters by giving them generous allowances to keep on polluting under Europe's emissions trading scheme. "The EU has confirmed itself as the global leader in renewable energy, particularly wind, but is losing credibility and leadership in the fight against climate change," says Christian Kjaer, CEO of the European Wind Energy Association. The CO2 reductions agreed by heads of state will not bring about the domestic reductions in greenhouse gases that scientists say are needed, he adds.

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