Wall Street Journal: Cooling on Global Warming
The wrangle over the EU's controversial climate package at a separate summit in Brussels wrong-footed the world's green bureaucracy. The EU climate deal was diluted beyond recognition. Instead of standing by plans to cut CO2 emissions by 20% below 1990 levels by 2020, the actual reductions might be as trivial as 4% if all exemptions are factored in.
The Brussels summit symbolizes a turning point. The watered-down climate deal epitomizes the onset of a cooling period in Europe's hitherto overheated climate debate. It may lead eventually to the complete abandonment of the unilateral climate agenda that has shaped Europe's green philosophy for nearly 20 years.
The reasons for the changing political atmosphere in Europe are manifold. …
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