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Economist slams EU climate policy as ineffective

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From Euractive.com: The EU's climate legislation risks turning into a "grossly distorting and expensive policy" unless it is seriously revamped, a leading British academic has warned.

In a paper released on 3 September by the Smith School of Enterprise and the Environment at the University of Oxford, Professor Dieter Helm argued that the EU's climate change and energy package is little more than "a politically neat but economically inefficient set of targets".

The design of the package is "inevitably flawed", Helm wrote. It is "based on carbon production, not consumption, thereby sidestepping Europe's responsibilities towards the developing world," the paper argued.

Full story: http://www.euractiv.com/en/climate-change/economist-slams-eu-climate-pol...